Phoenix Financial to acquire an additional 17% stake in Phoenix Agencies for ILS763m.

Phoenix Financial, an Israel-based asset management and insurance company, agreed to acquire an additional 17% stake in Phoenix Agencies, a platform consolidating insurance agencies, brokers, benefits administrators, retirement planners and advisors, and financial solution providers, for ILS763m. "Phoenix Agencies is a significant growth engine for the group with significant potential, and we continue to accelerate value creation processes to position the company for the coming years," Eyal Ben Simon, Phoenix Financial CEO.