The Ministerial Committee for Privatization approved on Thursday the privatization of some of Israel Aerospace Industries stock, meaning the government can sell 49% of the company's shares.
Defense Minister Benny Gantz stressed that the step was taken after extensive background work by his ministry, in conjunction with the Government Companies Authority and the Treasury.
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"In the past few months, I have promoted the step, along with a team from the ministry, in a way that balances the need to move the IAI and its business management ahead in global markets with the need to maintain its capabilities, Israel's security interests, and the tools at its disposal," Gantz said.
