Bezeq road show makes only two London appearances

Contrary to Ministry of Communication reports that four meetings were held
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Members of the delegation for the privatization of Bezeq met with two groups early this month in London, in a road show planned for the sale of government shares in Bezeq, has learned.

Previous reports from the Ministry of Communication said the delegation met with four different groups. also learned one of the two groups that met with the delegation had no serious intentions to buy, and stated it requested the meeting for the purposes of learning and observation.

Other meetings with potential international buyers have not been reported.

The privatization faces many obstacles. One of the conditions required for its completion is raising NIS 900 million in exchange for 7% of its shares in a public issue. The NIS 900 million will go towards workers' retirement plans. Another obstacle is the Zeevi affair. The banks to which Zeevi owes money are threatening foreclosure on his 20% stake in Bezeq, the size of which is enough of a stumbling block for potential Bezeq buyers without his additional financial trouble.