The Concentration Committee has completed the hearings stage, and will submit its final recommendations to the government in late January.
The Committee for Concentration in the Economy today summoned Nochi Dankner-controlled IDB Holding Corp. Ltd. (TASE:IDBH), Shaul Elovitch-controlled Eurocom Group, and Ilan Ben Dov-controlled Suny Electronics Ltd. (TASE: SUNY) for clarifications.
The Concentration Committee, chaired by former Ministry of Finance director general Haim Shani, has completed the hearings stage, and will submit its final recommendations to the government for approval in late January.
At the "Globes" Israel Business Conference in December, Shani said, "We attributed great importance to the hearings stage, not merely to fulfill an obligation, but to listen. The committee's recommendations could have gone either way during this stage." Commenting on the claim that 88% of Israeli public companies have a controlling shareholder, he said, "Behind this figure is a hidden figure."
Published by Globes [online], Israel business news - www.globes-online.com - on January 3, 2012
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