Israel Plans Tel Aviv IPO of Postal Company by Year-End
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Israel is planning an initial public offering for 40% of troubled Israel Postal Co. in Tel Aviv by the end of this year, Communications Minister Yoaz Hendel said on Thursday.
It plans to sell the remaining shares of the postal company to a strategic investor by mid-2023, the minister said in an online briefing for reporters. The government’s in the process of choosing underwriters for the share offering.