PARIS — Israel Aerospace Industries (IAI) is selling a majority stake in geospatial-imagery provider ImageSat International to private-equity investor FIMI of Israel in a deal that values ImageSat’s equity at $74.6 million, IAI announced Nov. k6.
Under the transaction, which still must clear Israeli Ministry of Defense and Antitrust Authority review, ImageSat will purchase from IAI the Eros-C high-resolution optical imaging satellite, scheduled for launch in 2019, and will pay IAI $35 million to settle a portion of an outstanding loan.
FIMI is paying . . .
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