Israir Group (TASE: ISRG) has notified the Tel Aviv Stock Exchange (TASE) that it is in advanced talks to acquire a European airline for an estimated €20-30 million. Two weeks ago, Israir Group bid in a tender to buy the airline which has an operating license in Europe. Now the Israeli airline reports that it has progressed to the second stage of the tender - the due diligence stage - and that it is "one of the final bidders participating in the tender." RELATED ARTICLES Israir Group raises NIS 25m in TASE IPO If the deal is completed, Israel will raise the required capital from the public through a bond, or bringing a strategic partner into the deal. Published by Globes, Israel business news - en.globes.co.il - on July 26 2022. © Copyright of Globes Publisher Itonut (1983) Ltd., 2022.
