Israel arms company purchases Greece defence company
10 May 2023; MEMO: A major state-run Israeli defence company has purchased a Greek defence company, expanding Israel's arms sector reach further into Europe.
According to Greece's AMNA news agency, the Greek company, Intracom Defence (IDE) signed a deal with Israel Aerospace Industries (IAI) yesterday for 90.91 per cent of its shares for around €60 million ($65.75 million).
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