The Competition Authority has approved the transaction according to which the Rodav-Gabay-Phoenix Group acquires the Hutchison shares in the company partner . The approval was supposed to be delivered last week but was postponed to today (Sunday), and now the parties are waiting for the approval of the Ministry of Communications, which is also expected to be received in the coming days. The transaction was given between 30-120 days to receive the approvals.
One of the reasons why the deal was signed with the Rodev-Gabay group was the knowledge that the group could easily get the approvals. Since these are institutional entities that lend money to the team, and none of the players has holdings in the communications market, it is easy for the competition authority and probably also the Ministry of Communications to give the approval.
As part of the deal, Hutchison is selling 27.1% of its shares in Partner for $ 300 million and leaving the communications market in Israel, apparently for a long time.