The Ashdod Port Company completed its internal alignment for the preparation of a prospectus for the emission of 15% of its share capital to the public, as is obligatory under the Seaports Reform. The Chairperson of the Company’s Board of Directors, Jacob Raz (Police Commander, Ret.), reported to the Board members of finalizing the recruitment of the external legal and accounting consultants, for the preparation of the public offering prospectus. The law firm that was selected by a competitive procedure and approved by the Governmental Companies Authority, are: The Law office of Eyal Khayat, Zolty, Neiger & Co. and the office of Rosenberg, Hacohen, Goddard & Ephrat.
During the report to the Board of Directors, Raz stated that all parameters reflecting the competitiveness between the Ashdod Port Company and its major competitor, the Haifa Port Company, this is the best timing for the emission, because, the Port Company shows growth in all of its activity branches, and imminent superiority over the competitor. Additionally, Raz stated that the Port Company has performed its part in the preparation of the Company for the public offering, and that now the ball is transferred to the Companies Authority, who is assigned with the task of the actual emission.
According to Raz: “The Ashdod Port Company exhibited, during the last year, an increase in market share, in each of its business activity components; we have brought the Company to a tremendous economic success, and it is a fruit bearing asset for anyone wishing to purchase its shares. This is a case of a promising emission and I hope that the State will produce from it the most and best.”