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Jul 10, 2022

buying the post office

Israel Hayom is reporting that Ministers Lieberman (Finance) and Hendel (Communications) have agreed and decided to sell off Israel Post and fully privatize it. 100% of the shares will be sold to private investors.

This is great. It is about time. This has been nothing but a failure over the past couple of decades. And it might not even be entirely their own fault - hardly anyone sends real mail any longer. It is mostly bills and junk mail. Most of their business seems to be packages, on which they make hardly any money.

The real question is who might turn around and buy this thing? who thinks they can turn this into a profitable enterprise? And what is this person smoking? just joking. Best of luck to him or her. My guess is that it will probably be China. They seem to be buying up the world.

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