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.

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.

Source: Hareetz