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This program ends Mar. 28, 1997 ■■■ CHRYSLER Pl y/77011th sHurnan walled lake, mi 669-2010 Eagle Walled Lake Dr. =J=1=111- r=. •-1=J 1=-1 =J 1=1- =J =.1=J r=i 1=-1 =.1 =.1 THE DISNEY KEYS TO MANAGEMENT EXCELLENCE Unlock the True Potential of Your Business ii I L L1=1 - Jeep. motor sales, inc. r 1=1=.11=J - 1=-1 =J =.1=J1- =1rjrJ=J J 40. - 1 IC111L= 1 =1 L= L=I 1 1=11=1 -1 L=1 1 =1 L= 1 =1 =1 11=11 Make plans to participate in this exciting day-long program and discover Disney business strategies easily adaptable to your organization. You'll explore the topics of creativity, management and service, learning new ideas for: – Fostering a team environment – Effectively planning for the future – Selecting and hiring the best TH E DE TROI T JE WI SH NEWS – Training and motivating employees 06 – Supporting people to deliver outstanding service other countries in the Middle based minority shareholder Ca- ble and Wireless (C&W). East. Mr. Beilin's remarks followed Do you see a role for Cana- da in helping to develop Is- the Israeli cabinet decision to cap any private holding — rael's infrastructure? We are very good in areas like whether local or foreign — in the telecommunications. We can re- national phone carrier at 25 per- lieve traffic congestion. We have cent, and to require government a company interested in the approval for any attempted pur- Cross-Israel highway. In the chase of more than a 5 percent energy area, Trans-Canada stake in Bezeq. "If they are doing this to harm Pipelines out of Calgary has been working with Turkish and C&Ws interests, it's not a sen- Russian companies in terms of sible move," said Mr. Beilin. Meretz MK Amnon Rubin- a pipeline system. You've met eight Israeli stein, a former communications ministers during your stay. minister, called the 5 percent What did they have to rule "far too extreme." Communications Minister say? They said that Israel is open Limor Livnat said the decision for business, that privatization was not taken to restrict the in- is in progress, and the Canadi- terests of C&W, which current- an and other foreign firms are ly holds 10.02 percent of the firm, but to eliminate a distinc- very welcome. Despite the late Prime tion between home and foreign Minister Yitzhak Rabin's two investors in Bezeq. Other state assets already visits to Canada, no Canadi- an prime minister or foreign face similar restrictions. El Al, minister has visited Israel. for example, is prohibited by in- ternational regulations from sell- Is that about to change? Our prime minister would ing more than a 25 percent stake like to visit Israel, and do so at to a foreign investor. The government wishes to the earliest opportunity. How- ever, we are likely to have an reach an agreement with C&W election this year, and that at before proceeding with a global the moment is a factor in the public offering, whereby the travel plans of the prime minis- company will refrain from buy- ter. We don't know when the ing more shares, according to the election will be, but the rumors "October 1996 Privatization in say it may be June or Octo- Israel" report from the Giza Group, a private investment ber. ❑ banking firm. (c) Jerusalem Post 1997 Israel Signs Nine Deals More Mergers In '97 In Israel Jerusalem (JPFS) — Israel has signed agreements with nine countries in an effort to'protect and encourage investment in emerging nations, the Treasury said. Israel, which negotiated with each country for up to two years, now has agreements with Uzbekistan, Albania, Ukraine, Argentina, Georgia, India, Turkey, Turkmenistan and Kazakhstan that are designed to alleviate investor concerns and spur trade in Third World countries, the former Soviet Union and Latin America. Israel is currently negotiating similar agreements with Cyprus, Be- larus, Moldova, Peru and Thai- land. Jerusalem JPFS) — Fewer ini- tial public offerings of Israeli companies on the NASDAQ market are expected this year compared with 1996, but the number of merger transactions is expected to grow, H&Q Pres- ident and CEO Daniel Case said. H&Q, the leading U.S. in- vestment bank, recently in- vested $2 million in the Tel Aviv- based Tamir Fishman & Co., turning the relatively new full- service investment bank into its exclusive representative and strategic partner in Israel. H&Q is among the four lead- ing banks in the growth and technology fields worldwide. Last year it raised $9 billion in 145 equity transactions and advised on 52 mergers and ac- quisition transactions with a val- ue of $5.3 billion. This year will be good for ini- tial public offerings of Israeli companies on NASDAQ but not as great as 1996, when there were a record number, Mr. Case said. He explained that many of the companies prepared to go public already did last year and that company valuations are lower. Cable, Wireless Interests Hurt? Sponsored by the Greater Detroit Chamber of Commerce Jerusalem (JPFS) — Long-time supporters of a free-market economy in Israel are monitor- ing the latest developments sur- rounding Bezeq's privatization "with some concern," according to Labor MK Yossi Beilin, who cautioned the government not to harm the interests of British-