An auction of the assets of a former chief executive of an Israeli company has been completed by the end of this year, the company said in a statement on Tuesday.
The sale of the company’s assets, including the firm’s assets in the United States and a $1 billion loan to a subsidiary in Israel, is scheduled to be finalized in the next two months.
The Israeli company, Anzor Capital, said in its statement that the deal was concluded in September and valued at more than $1.2 billion.
Anzors chairman, Gideon Levy, is the former chief of staff to Israeli Prime Minister Benjamin Netanyahu.
The announcement came as the Trump administration and Congress have stepped up their efforts to tighten restrictions on Israel and pressure Israel to comply with the terms of a U.S.-brokered peace deal between the two countries.
Israel’s Foreign Ministry has accused the Trump Administration of “imperialistic actions” and said that the administration is “ignoring the international legal norm to impose its own restrictions on the legitimate rights of Palestinians, including through the blockade.”
The Trump administration has also accused Israel of a “global campaign of violence” against the Palestinians.