Court Rejects Arab’s Bid to Buy Two Bankrupt Factories in Israel
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Court Rejects Arab’s Bid to Buy Two Bankrupt Factories in Israel

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A Tel Aviv magistrates court flatly rejected a bid by an Arab businessman from Gaza to purchase two bankrupt factories in Kiryat Gat in Israel. They will be sold instead to a Haifa-based company and to one in Switzerland, Judge Yishai Levit said Wednesday.

Levit ruled out the transaction sought by Arab entrepreneur Abed El Diks on several grounds. He said he could not buy a plant in Israel without special permission of the Defense Ministry which is the sovereign power in the administered territories, and permission from the civil administration in the Gaza district.

In addition, El Diks cannot own plants which have the Israeli defense industries among their customers, the judge said.

The court ruling calmed tempers in the development town of Kiryat Gat in southern Israel.

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