Eli Rosenberg offers El Al board of directors to transfer $ 75 million to the company and receive 44.99% of its shares
Posted on Jul 20, 2020 by Ifi Reporter - Dan Bielski
Eli Rosenberg is negotiating directly with El Al regarding the acquisition of the company. Rosenberg has submitted a proposal to the El Al board of directors to transfer $ 75 million to the company and receive 44.99% of its shares. Rosenberg has deposited $ 15 million in trust to prove the seriousness of his intentions.
Rosenberg is the son of Naftali Kenny Rosenberg from New York, but since the son has Israeli citizenship and this is an essential condition for obtaining a control permit, if the family acquires the company, it will be done under the son's name.
Naftali Kenny Rosenberg is the owner of the Centers Health Care sheltered housing chain, which has over 3,000 beds. His fortune is estimated at more than half a billion dollars, and in addition to the chain, it also includes a number of housing files for rent in the New York metropolitan area.
What makes an almost anonymous businessman in the country interested in buying a company that is in a huge crisis, almost completely shut down, with a debt of two billion dollars for aircraft it has purchased and with aggressive workers' committees? And all this at a time when the global aviation industry is in the worst crisis in its history due to the eruption of the corona, a crisis that is forcing many governments to support local airlines.
The answer may be provided by a source who was exposed to the contacts and says: "Naftali's rabbi told him that he must buy El Al. In everything the rabbi told him to do to date, he succeeded.
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