Arkia Airline Acquired by Investor Group Led by Yariv Lerner
Translated & summarized from Channel 13 by baba
Arkia airline has a new investor group led by Yariv Lerner, who will inject tens of millions of dollars and take a majority stake. The current owners, the Nakash brothers, signed the agreement on Thursday. Negotiations are ongoing with employees over their stake. The buyers expressed commitment to Arkia's long-term future.
The story in 5 lines · by baba
- Arkia airline will be acquired by a group led by Yariv Lerner, injecting tens of millions of dollars.
- The current owners, the Nakash brothers, signed the agreement on Thursday.
- The purchasing group will hold a majority stake and take control of Arkia.
- Negotiations are underway with Arkia employees regarding their stake.
- The buyers expressed a long-term commitment to Arkia's stability and operations.
Arkia, the Israeli airline, is set to be acquired by a purchasing group led by Yariv Lerner, chairman of Negev Ceramics. The current owners, brothers Rafi, Joe, and Avi Nakash, announced on Thursday that they have signed an agreement to bring in the new investor. The deal involves the purchasing group injecting tens of millions of dollars into Arkia, acquiring a majority stake, and taking control of the company. Avi Khormro, CEO of the Nakash Group, led the recovery process for the airline and spearheaded this transaction. The purchasing group also includes businesswoman Einav Adib-Berrer, businessman Kidan Dahari, and businessman Yaron Adib. Negotiations are currently underway between the Histadrut labor union, the workers' corporation, and the potential buyers, as employees anticipate dilution of their stakes. The purchasing group stated their belief in Arkia and the Israeli aviation sector, emphasizing their long-term commitment to stabilize and strengthen the company for the benefit of its employees, passengers, and the Israeli economy.
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