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Clal gets control permits from regulators to buy control of Max from US private equity firm Warbus Pincus; deal hoped to boost competition in consumer credit market
Approval paves way for Clal to snap up Max credit card company in deal worth NIS 2.5 billion; central bank sets criteria for Clal to hold at least 30% stake in Max
Offer reflects 31.7% premium on credit card company's closing stock price on Thursday; in January Harel Insurance made a bid to buy Isracard for NIS 2.7 billion
Israel's fourth-largest bank needs to sell CAL as part of government policy to boost competition in the consumer credit market, Smotrich says
Ethnic wear fashion label Biba Fashion, backed by Warburg Pincus and Faering Capital, has filed preliminary papers to raise funds through an IPO