As part of a joint tourism venture by the El Al and Issta companies, the two companies signed an agreement to establish a new tourism company to be called: El Al Travel. 

In addition, as part of the transaction, Issta will purchase 4.9% of El Al shares for a sum of 39 million shekels by private allocation.

Issta Ltd. was represented by firm partners, Adv. Shlomi Bardugo and Adv. Michal Efrat-Alperin, of our firm’s Corporate department.

For reviewing: https://passportnews.co.il/article/187402