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Israel to issue minority stake in the state-owned railway company

Israel’s socio-economic cabinet approved on Sunday the proposal to issue minority stakes of up to 49 percent in the state owned railway, electric company, water provider companies, on the Tel Aviv Stock Exchange,  over the next three years.

“This is another step in stopping the politicization of government companies and reducing corruption in the companies. This is a real revolution in making them more successful and independent”,  Finance Minister Yair Lapid stated.

According to him, Israel Railways  will be sold through the Tel Aviv Stock Exchange, while others – the ports and IMI – will be sold at one time or in stages in a private sale.

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