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The sale process will be proceed in accordance with the provisions of the sale procedure. The information herein is solely for your convenience and for.

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Presentation on theme: "The sale process will be proceed in accordance with the provisions of the sale procedure. The information herein is solely for your convenience and for."— Presentation transcript:

1 The sale process will be proceed in accordance with the provisions of the sale procedure. The information herein is solely for your convenience and for the purpose of illustration of the process, and does not constitute part of the sale procedure or the other sale documents, and shall not be used in the interpretation thereof. S ale Process outline of the shares of the State and the public in the “Industrial Development Bank of Israel LTD” (“The company ”) The Government Companies Authority (“ The Authority) may change the timetable or the dates at its sole and absolute discretion. S ale Process outline of the shares of the State and the public in the “Industrial Development Bank of Israel LTD” (“The company ”) The Government Companies Authority (“ The Authority) may change the timetable or the dates at its sole and absolute discretion.

2 Approximately Three Months End of the Sale Process Procurement of Approvals Selection of preferred offeror Submission of price proposals Signing of the sale Agreement Data Room Screening Of Participants Submission of applications Start of the sale process The information herein is solely for your convenience and for the purpose of illustration of the process, and does not constitute part of the sale procedure or the other sale documents, and shall not be used in the interpretation thereof. The sale process starts with a publication of the Notice of Intention to sell the Company’s Shares. The parties interested in acquisition of the Company’s Shares can find the Sale Procedure and its Attachments on this site or obtain it at the offices of the Authority. 2

3 Approximately Three Months End of the Sale Process Procurement of Approvals Selection of preferred offeror Submission of price proposals Signing of the sale Agreement Data Room Screening Of Participants Submission of applications Start of the sale process The information herein is solely for your convenience and for the purpose of illustration of the process, and does not constitute part of the sale procedure or the other sale documents, and shall not be used in the interpretation thereof. Those interested in participating in the sale process will be required to submit their application to the Authority by , and it shall include: An application to the Authority to participate in the Sale Process. The Sale Procedure and its appendices duly signed as necessary. Answers to the Questionnaire. Notification as to the appointment of applicant’s representative. A bank Guarantee for NIS 3,000,000. 3

4 Approximately Three Months End of the Sale Process Procurement of Approvals Selection of preferred offeror Submission of price proposals Signing of the sale Agreement Data Room Screening Of Participants Submission of applications Start of the sale process The information herein is solely for your convenience and for the purpose of illustration of the process, and does not constitute part of the sale procedure or the other sale documents, and shall not be used in the interpretation thereof. The State’s representatives will examine whether the applicants comply with the preliminary conditions detailed in the Sale Procedure. Applicants who pass the screening procedure will be invited to participate in a continuation of the sale process. 4

5 Approximately Three Months End of the Sale Process Procurement of Approvals Selection of preferred offeror Submission of price proposals Signing of the sale Agreement Data Room Screening Of Participants Submission of applications Start of the sale process The information herein is solely for your convenience and for the purpose of illustration of the process, and does not constitute part of the sale procedure or the other sale documents, and shall not be used in the interpretation thereof. Participants who have been invited to participate in the continuation of the Sale process will be invited to nominate appraisers acting on their behalf who will be permitted to scrutinize the Company’s documents that will be made available to them in the data room. 5

6 Approximately Three Months End of the Sale Process Procurement of Approvals Selection of preferred offeror Submission of price proposals Signing of the sale Agreement Data Room Screening Of Participants Submission of applications Start of the sale process The information herein is solely for your convenience and for the purpose of illustration of the process, and does not constitute part of the sale procedure or the other sale documents, and shall not be used in the interpretation thereof. After the data room stage the participants will sign the Sale Agreement in such version as shall be stipulated by the Authority. Only participants who have received approval of the State’s representatives as to their compliance with preliminary conditions detailed in the Sale Procedure, will be authorized to sign the Sale Agreement. 6

7 Approximately Three Months End of the Sale Process Procurement of Approvals Selection of preferred offeror Submission of price proposals Signing of the sale Agreement Data Room Screening Of Participants Submission of applications Start of the sale process The information herein is solely for your convenience and for the purpose of illustration of the process, and does not constitute part of the sale procedure or the other sale documents, and shall not be used in the interpretation thereof. Those participants who have been confirmed and Have signed the Sale Agreement will be entitled to submit a price proposal for the company’s shares. A second Bank Guarantee shall be attached to the Price proposal amounting to NIS 20,000,000 7

8 Approximately Three Months End of the Sale Process Procurement of Approvals Selection of preferred offeror Submission of price proposals Signing of the sale Agreement Data Room Screening Of Participants Submission of applications Start of the sale process The information herein is solely for your convenience and for the purpose of illustration of the process, and does not constitute part of the sale procedure or the other sale documents, and shall not be used in the interpretation thereof. Following submission of the price proposals the representatives of the State will select the preferred offeror. 8

9 Approximately Three Months End of the Sale Process Procurement of Approvals Selection of preferred offeror Submission of price proposals Signing of the sale Agreement Data Room Screening Of Participants Submission of applications Start of the sale process The information herein is solely for your convenience and for the purpose of illustration of the process, and does not constitute part of the sale procedure or the other sale documents, and shall not be used in the interpretation thereof. After selection of the preferred offeror the preferred offeror will be required to procure and produce to the Authority, the consent of the Anti- Trust Commissioner. 9

10 Approximately Three Months End of the Sale Process Procurement of Approvals Selection of preferred offeror Submission of price proposals Signing of the sale Agreement Data Room Screening Of Participants Submission of applications Start of the sale process The information herein is solely for your convenience and for the purpose of illustration of the process, and does not constitute part of the sale procedure or the other sale documents, and shall not be used in the interpretation thereof. Upon procurement of such approvals as are required by law, representatives of the State will sign the Sale Agreement. On the occasion of the closing of the transaction all the Company’s shares (with the exception of those of group D Shares which are not held by the State and which are to be redeemed by the company), will be transferred to the purchaser, against payment of the consideration. 10


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