Knafei Nesharim Aviation’s Control Acquisition of El Al Airlines


Shibolet advised Knafei Nesharim Aviation Ltd. in the deal.

Knafei Nesharim Aviation Ltd. completed a hostile takeover attempt (among the few in Israeli history) and in the purchase of NIS 364 million, as part of a public offering, of shares in El Al Airlines.

EL AL Israel Airlines provides scheduled air transportation, mostly international, for passengers, freight, and mail from and to Israel, the Company’s activities include food preparation, travel bookings, and airplane maintenance.

The Shibolet team was led by Adi Zaltzman (Picture), Joseph Benkel, and Saul Adereth.

Involved fees earner: Saul Adereth – Shibolet & Co.; Joseph Benkel – Shibolet & Co.; Adi Zaltzman – Shibolet & Co.;

Law Firms: Shibolet & Co.;

Clients: Kanfei Nesharim Aviation ;

Author: Michael Patrini.