Privacy Update
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Our firm represented the giant electronic company, Bosch and its subsidiary Bosch Thermotechnik in the purchase of 40% of Electra Industries.
The companies recently received approval from the Israeli Competition Authority for the investment of Bosch in Electra, which will allow for the establishment of a new plant in Ashkelon designated, inter alia, for the production of heat pumps for export to Europe. For more info click here.
In an interview with The Marker, Yuval Sasson, a partner in our firm, explains that a joint platform between the countries is already being set up: “In recent days, I have been involved in the establishment of an Israeli company that will be an economic-commercial platform for new growth engines for the area.”
Meitar partner Itay Frishman also explains that there is a large amount of investment capital in the UAE, as well as great interest in technology: “We know that they are already investing in Silicon Valley, and investing in Israel will give them quick access to technology.”
For the full article (Hebrew) click here.