The Israeli government has reportedly taken new steps in its long-running privatisation of Israel Military Industries (IMI), Israeli media reported on 12 October.

According to Israeli newspaper Ha’aretz , Ori Yogev, the director of the Israeli Government Companies Authority, confirmed that the organisation had approached a number of investment banks to manage the sale of the company later this year.

The paper added that the Israeli government is expected to allow foreign companies to acquire up to a 90% stake in the firm through a locally incorporated entity. […]