The Israeli government is planning a crackdown on the country's leading business families, amid growing concern that the private sector is falling under the sway of powerful oligarchs.
Benjamin Netanyahu, prime minister, told the Financial Times that Israel had already broken up state monopolies and was now aiming to loosen the grip of anti-competitive conglomerates active in many sectors of the economy.
He said he expected the government to agree new measures within six months: “We are looking into prohibiting cross-shareholdings of financial and non-financial companies.”
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