Finance

FIMI buys 47% stake in El Al

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FIMI buys 47% stake in El Al

First Israel Mezzanine Investors Fund (FIMI) has bought a 47% stake in El Al Israel Airlines for $75 million. FIMI will form a control group with Knafaim Holdings Ltd. FIMI will initially invest $50 million in El Al for a 38% stake. FIMI will also receive two options, each totaling $12.5m which will...

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