BREAKING NEWS

Shaul Shani again tries to sell ECI to Russians

By SHMULIK SHELACH/GLOBES

FEBRUARY 1, 2012 23:10

ECI Telecom Ltd. chairman and controlling shareholder Shaul Shani continued Wednesday to talk to the Russian government about selling the Israeli telecommunications equipment company.

A year after it was reported that Shani had written to Russia's President Dmitry Medvedev about buying ECI for $2.5 billion, Medvedev has another possibility for buying the company, according to Russian newspaper Izvestia. This time, the potential buyer is Russian atomic energy giant Rosatom Nuclear Energy State Corporation, which is state owned.

According to the Russian newspaper, the talks on merging ECI into Rosatom are at a valuation of $5 billion, but it would appear that this refers to the total value of a project or activity in which ECI would be involved in Russia. ECI's value will probably be closer to $500 million.

Itamar Ben-Gvir in minor car accident after visiting terror attack site

By JERUSALEM POST STAFF

04/26/2024 06:25 PM

Netanyahu says ICC decisions will not affect Israel's actions

By REUTERS

04/26/2024 05:27 PM

Berlin police clear pro-Palestinian camp from parliament lawn

By REUTERS

04/26/2024 05:24 PM

IDF strikes Hezbollah targets in southern Lebanon

By JERUSALEM POST STAFF

04/26/2024 05:11 PM