Regulator approves Phoenix takeover of Halman Aldubi
Regulator approves Phoenix takeover of Halman Aldubi The Phoenix Holdings is buying investment house Halman Aldubi for NIS 275 million, almost double its valuation when it went public in 2017. Commissioner of Capital Markets, Insurance and Savings Moshe Bareket has given the green light for the acquisition of investment house Halman Adubi by The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5), which already holds Excellence investment House. The deal whereby the firm founded in 1995 will become part of the largest insurance group in Israel in terms of market cap will be completed this Sunday. This ...
Source: globes.co.il