Israel: Antitrust Authority questions Danya Cebus CEO

Ronen Ginsburg, CEO of Africa-Israel Investments unit Danya Cebus, has been questioned by the Antitrust Authority on suspicion of price fixing in construction contracts. The investigation relates to suspicions that infrastructure and procurement tenders in the town of Shoham, near Ben Gurion Airport, were unlawfully biased.

Ginsburg was questioned on February 9, but Africa Israel notified the Tel Aviv Stock Exchange about the matter only last Thursday, and did not mention that its subsidiary’s CEO had been questioned, but only that Antitrust Authority investigators had raided the offices of Danya Cebus.

Africa Israel said that the investigators had requested that it should not make the investigation public, and that “this report is published following an initial inquiry by the company with the investigators concerning its publication.”

Africa Israel stated in its report: “It has been brought to our attention that an investigation by the Anti-trust Authority is taking place concerning Danya Cebus, in the course of which documents were taken from the offices of the subsidiary and several managers and staff (who are not officers of the company) were questioned.”

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