My alma mother TAHAL Water Consulting is in trouble and its CEO Bracha has resignes after the failure of selling the company to FIMI Funds. The agreement was that FIMI Funds will invest up to US$35 million in Tahal and float the company on TASE. From the money collected from buyers of the shares, FIMI would pay part of the purchase and have total control. The banks holding the loans of TAHAL and the monstrous amounts guaranteed for the completion of ongoing projects had given green light to financial operation. But the transaction failed somewhere. Simply, agricultural and infrastructure consulting in the Third World is no business. For one, Israeli experts are very expensive and two, water and civil engineering has become low tech and foreign experts are not needed anymore.
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