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Venture capital business key to Valley National s deal for Bank Leumi

Venture capital business key to Valley National s deal for Bank Leumi
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Jamaica Area Job Openings: Browse The Latest

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Israel s Bank Leumi Is Said to Weigh Sale of U S Bank Arm

May 05 2021, 4:16 PM May 04 2021, 8:22 PM May 05 2021, 4:16 PM (Bloomberg) Bank Leumi Le-Israel BM, one of Israel’s largest lenders, is considering a sale of its U.S. bank arm, which could fetch about $1 billion, according to people familiar with the matter. (Bloomberg) Bank Leumi Le-Israel BM, one of Israel’s largest lenders, is considering a sale of its U.S. bank arm, which could fetch about $1 billion, according to people familiar with the matter. The Tel Aviv-based bank is working with a financial adviser to find buyers for Bank Leumi USA, said the people, who declined to be identified because the matter isn’t public. It also may consider an initial public offering for the unit, one of the people said.

Israel s Lender Leumi Is Said to Weigh Sale of U S Bank Arm

(Bloomberg) Bank Leumi Le-Israel BM, one of Israel’s largest lenders, is considering a sale of its U.S. bank arm, which could fetch about $1 billion, according to people familiar with the matter.The Tel Aviv-based bank is working with a financial adviser to find buyers for Bank Leumi USA, said the people, who declined to be identified because the matter isn’t public. It also may consider an initial public offering for the unit, one of the people said.The plans are at an early stage and Bank Leumi may opt to hold onto the business, they said.The company regularly reviews options for Bank Leumi USA as part of an investment agreement with two minority shareholders in the unit, one of the people said. Those shareholders are Endicott Management Co. and MSD Capital LP, which Bank Leumi USA’s holding company sold a 15% stake to in 2018. MSD Capital manages Michael Dell’s personal fortune.Leumi hasn’t taken any decision to carry out a transaction, the bank

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