Israir ponders last-minute Swiss-Australian bid

Just as a final decision was about to be made on the sale of Israir (6H, Tel Aviv Ben Gurion), Geneva-based investment bank and Islamic finance specialist Wadiah Capital and Amrock Aviation, a little-known firm based in Queensland, Australia, made a last-minute joint (51%/49% respectively) offer, the highest so far, Globes reported. The Wadiah-Amrock bid is for ILS170 million shekels (USD51.9 million) in cash plus, like most of the other bids, a waiver of IDB Development’s USD5 million debt to the airline. It also includes an...
http://dlvr.it/Rn7t3L