Elbit Systems Completes the Sale of Ashot to FIMI Opportunity Funds for $84 Million
Elbit Systems Ltd. - Ordinary Shares (ESLT)
Last elbit systems ltd. - ordinary shares earnings: 3/25 04:11 am
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ir.elbitsystems.com
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Source: PR Newswire
HAIFA, Israel, June 30, 2022 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ:ESLT) and (TASE: ESLT) ("Elbit Systems" or "the Company") announced today, further to the Company's announcement of October 21, 2021, that it completed the sale of all ordinary shares held by its wholly-owned Israeli subsidiary, IMI Systems Ltd. ("IMI"), in IMI's 84.98%-owned subsidiary, Ashot Ashkelon Industries Ltd. (TASE: ASHO) ("Ashot") and all capital notes of Ashot held by IMI and Elbit Systems, to FIMI Opportunity Funds ("FIMI"), for approximately $84 million in cash (approximately NIS 291 million). The closing follows receipt of all the required regulatory approvals.Ashot specializes in the manufacture of jet engine shafts, transmissions, gears and gearboxes, landing gear components and tungsten products for the aerospace and defense industries.FIMI is a leading private equity fund in Israel with more than $7 billion in assets under management.Bezhalel (Butzi) Machlis, Elbit Systems President & CEO, commen
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- 4/1/24 - Form 6-K
- 3/28/24 - Form 6-K
- ESLT's page on the SEC website