The State Committee on oligopolies and monopolies in the Israeli economy will present its report Sunday, with recommendations on ways to cut down the concentrated ownership of businesses in the hands of a few “tycoons.” Reports over the weekend said that the committee's report would include tough guidelines to separate existing conglomerates, where one owner with a minority stake in a company effectively controls that company, and dozens of companies constitute a large conglomerate that has a major impact on the Israeli economy.
The report will recommend that the government sponsor legislation aimed at forcing the heads of these conglomerates to divest from many of the companies under their control.