A PYMNTS Company

Israel: Regulator clears Searchlight to buy Bezeq parent

By  |  July 16, 2019

Israel’s competition agency on Tuesday approved a deal that would allow Searchlight Capital Partners to take control of Israel’s largest telecoms group, Bezeq Israel Telecom.

A spokeswoman for the Antitrust Authority said there were no issues with the proposed deal made a month ago, in which Searchlight will inject 640 million shekels ($180.5 million) into B Communications whose single asset is a 26.34% controlling stake in Bezeq.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.