Israel PM Cousin Bought Greek Steel Company Hellenic Steel

Release time：Nov 27, 2019 From：admin

Times of Israel reported that Israeli Prime Minister Mr Benjamin Netanyahu’s cousin Mr Nathan Milikowsky has invested this year in a massive Greek steel conglomerate, at the same time the prime minister was advancing a gas pipeline deal with Greece and Cyprus. According to the report, in late June, Mr Milikowsky’s company Jordan International bought Hellenic Steel, which for many years was Greece’s second-largest steel company. The report notes that Hellenic Steel’s factory near Thessaloniki had been out of commission for five years amid Greece’s economic crisis, and only resumed its activity last week, with the new investment.

The report said that Jordan International is expected to invest some 100 million euros in the factory, whose output is expected to reach some 350,000 tonnes per year.

Meanwhile, earlier this year, the Israel Natural Gas Lines company, the country’s national gas conglomerate, signed a memorandum with IGI Poseidon, a joint venture of the Public Gas Corporation of Greece and the Italian company Edison SpA on the construction of a gas pipeline network that would connect the eastern Mediterranean’s gas reserves to the European market.