"I intend to restore Ramet to its former glory from better days," Eli Elezra told "Globes" today. He acquired the struggling real estate and infrastructure contractor last week.
Elezra added, "This is a glorious company with great capabilities. Its assets exceed its liabilities by at least NIS 120 million. It is a solid, longstanding company that needed cash flow, which I'll provide. I'll stand behind the company from here on with as much money as needed."
Commenting on his new partners, Elezra said, "I feel very comfortable in partnering with Miriam Doron and Aliza Jaffa. Between us, we've got a very nice company and I've found top-quality people who are the salt of the earth."
As for his plans for Ramet, Elezra said, "We'll pour a lot of content and activity into the company. Ramet has great capabilities, and from what I've found, its activities have realized only 15-20% of its capabilities."
Published by Globes [online], Israel business news - www.globes-online.com - on March 10, 2008
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