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Israel’s ImageSat International Acquired by FIMI

Israel Aerospace Industries (IAI) announced on November 6, 2017, that it has entered an agreement with FIMI, the largest private equity fund in Israel (FIMI). Pursuant to the agreement, FIMI shall invest U.S.$40 million in ImageSat International (ISI) in exchange for 53.6% of ISI’s share equity. The agreement further stipulates that ISI shall buy the
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