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Tag Archives: privatisation

Israel privatising, consolidating defence sector

Israeli defense contractor Elbit Systems (ESLT.TA) said on Sunday it completed a $500 million deal to buy state-owned rival IMI Systems after receiving government approval for the privatization of IMI last week. Elbit (ESLT.O) paid $495 million for IMI, with an additional payment of $27 million contingent on IMI meeting …

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Saudi Arabia denies cancelling Aramco IPO

audi Arabia on Thursday rejected reports that Aramco’s planned initial public offering had been scrapped. “The government remains committed to the IPO of Saudi Aramco at a time of its own choosing when conditions are optimum,” Energy Minister Khalid Al Falih said in a statement. The plan to float around …

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