A PYMNTS Company

Israel Corp. and Taavura Group need special permission to bid on Eliat port

By  |  February 22, 2012

Israel’s Antitrust Authority has ruled that the Israel Corporation and the Taavura Group need special permission before bidding on state-owned Eliat port. The state seeks to privatize the port, but the Antitrust Authority is concerned with economic concentration, as both the Israel Corporation and the Taavura Group own transport and logistics companies. The Authority’s ruling marks a first step toward minimizing economic concentration.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Last month, the concentration committee had recommended voluntary consultation with the Antitrust Authority for competition concerns in tenders. However, the government has not yet approved the committee’s recommendations.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Source: Hareetz