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Thread: FIMI Fund to Invest in EL AL
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Old Feb 4, 2013 | 7:38 pm
  #14  
GUWonder
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Originally Posted by ELY001
One of the regular posters on this board alerted me to this new development.

It appears that Israel's largest private equity fund is going to invest in LY in stages, contingent upon several variables including new employee contracts. Notice how streamlining/restructuring management is not one of the conditions.

Should be interesting to watch this.

http://www.reuters.com/article/2013/...0B0G2C20130131
I wouldn't be shocked if they are in this game to make more money from non-equity financing arrangements than from appreciation of LY equity value arising from any equity acquisition of LY shares by them.
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