Union Investments and Harel to acquire a 72% stake in ICC-CAL from Israel Discount Bank for $1.12bn.

Synopsis

Union Investments, a George Horesh investment company, and Harel, an insurance and finance group, agreed to acquire a 72% stake in ICC-CAL, a credit card company, from Israel Discount Bank, a banking institution, for $1.12bn.

Principals

target

Israel Credit Cards

bidder

Harel Group

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Market Context

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Seller Team (1)

levy halevy

CEO at ISRAEL CREDIT CARDS

Manager

target

Deal

£ 824 M

Total Value

Bidder Team (2)

nir cohen

CEO at HAREL GROUP

Manager

bidder

Deals

£ 1.46 B

Total Value

george horesh

Owner at UNION GROUP

Manager

bidder

Deal

£ 824 M

Total Value

Vendor Team (1)

avi levi

CEO at ISRAEL DISCOUNT BANK

Manager

vendor

Deal

£ 824 M

Total Value

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