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Israel Corp CEO: Oil Refineries issue depends on El Al.
(From Israel Business Arena)
Byline: Hadas Manor
"It would be a mistake if the state does not issue Oil Refineries on the Tel Aviv Stock Exchange (TASE) that's the right solution for the company. If the privatization of El Al is successful, it's liable to pave the way for holding an Oil Refineries flotation," Israel Corp. president and CEO, and ICL chairman Yossi Rosen told "Globes".
The Israel Corp. (TASE:ILCO) owns 26% of Oil Refineries, and the state holds the rest. The company reported valuations for Oil Refineries of NIS 2.14 billion by Ran Croll and NIS 2.23 billion by Prof. Yitzhak Swary.
Rosen believes that issuing 30% of Oil …
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