ECONOMY

Israelis mull state’s stake in Hellenic Saltworks

A major Israeli firm, Salt of the Earth, is seriously interested in acquiring the Greek state’s stake in Hellenic Saltworks, Kathimerini understands.

Representatives of the Israeli firm have repeatedly met with Greek government officials to present their investment plans for the company.

Salt of the Earth is the biggest salt producer in Israel and a member of the Arison group, a major investment entity active in the financial sector on all five continents, as well as in the domains of infrastructure, water and real estate.

The government decided on April 5 to proceed to the utilization of the whole of its stake in Hellenic Saltworks, amounting to 55.19 percent. However the Finance Ministry has not yet commissioned a financial consultant for the privatization of the company.

The remaining 44.81 percent is split between salt company Kalas, the local authority of Mesolongi and other municipalities across the country.