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The Commission on privatization of IMI was allowed to sell it «Albite»

A special Commission for privatization of the state defense concern «Military industry» (TAAS, IMI) has agreed in principle to sell it to a private defence concern «Maarachot’s».

Final approval of the transaction should follow in the coming days. Its cost is estimated at 1.7-1.8 billion shekels.

It should be noted that «a’s» remained the only participant announced by the government in 2016 tender documents, which were filed three years ago 12 companies.

Recall that in the framework of the privatization of part of the group will be displayed several secret businesses that will remain in the possession of the state. In addition, the state will assume the debts of the company pensions and will receive all owned concern real estate.

The «old» group will remain in the form of government, which will service the remaining debt, to engage in the sale of real estate in the center of the country and clearing of land for factories.

According to the tender terms, the new company will be obliged to move from the centre of the country in the Negev until 2022. The cost of released so of the land is estimated at 40 billion shekels.

The Commission on privatization of IMI was allowed to sell it «Albite» 14.02.2018

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