Israel Post CEO: I’m proud and happy that Milgam Group chose to invest

An investor consortium, led by Milgam has won the tender for privatization of Israel Post.

Israel Post announced the privatization on LinkedIn stating: “Congratulations to Milgam Group! We are confident that our journey will be exciting.

The acquisition of the company is the result of a recovery process that has led Israel Post to make a significant leap on many levels: We demonstrated a dramatic financial improvement in a short period, introduced technological advancements, increased our sorting capacity and improved our customer service.

David Laron, Israel Post CEO: “I’m proud and happy that Milgam Group chose to invest in the Israel Post acquisition. I appreciate the Israel Post’s employees and glad we’ll be able to provide Israel with advanced postal services. The recovery and privatization process was remarkably successful and achieved within an unprecedented time frame. the recovery of the organization, improving the service, and advancing into growth are fruits of the collaboration between the company’s management, the employee representatives, and the Histadrut (General Federation of Labor in Israel), ,all of whome focusing on the  main and mutual goal above all other considerations. Israel Post will continue striving to offer our clients better and more advanced services.”

Mishael Vaknin, Isarel Post Chairman: “This moment is a result of a combined effort by the treasury Office, the Government Company Authorities, the Ministry of Justice, and the Ministry of Communications, along with the Workers’ Union and the thousands of devoted Israel Post employees. Israel Post today is a more advanced company, service-oriented, and focused on clients. It is always ready for the next challenge, bearing in mind the top priority of keeping improving for our clients with the new leadership of our acquirers.”