The Meir Group ceases to have an interest in Phoenix: it sold shares for about NIS 60 million

For the first time in about 20 years, the Meir Group, an importer of Volvo and Honda cars controlled by the Shahar and Kaz families, has ceased to have an interest (holding of less than 5%) in the Phoenix Insurance and Finance Group, managed by Eyal Ben Simon and controlled by the Centerbridge Funds. And Glattin Point, which hold about 33% of it. Meir sold about 0.6% of the Phoenix to the Phoenix itself and to several other private and institutional entities. In total, the Meir Group sold shares for NIS 60 million, when the sale was made at the price embodied in Phoenix, which is traded at a market value of NIS 10.04 billion, the highest capital multiplier in the insurance industry – of 1.1. In the insurance industry, it has soared in the last three years …

Comments

Skip Comments

      Articles Main Site

      Note: This article has been indexed to our site . We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source
      Click Here

      Related Posts
      Jörg Steinbach im Interview: Brandenburgs Wirtschaftsminister: „Elon Musk ist ein totaler Workaholic – ich weiß nicht, wann der Mann schläft“ thumbnail

      Jörg Steinbach im Interview: Brandenburgs Wirtschaftsminister: „Elon Musk ist ein totaler Workaholic – ich weiß nicht, wann der Mann schläft“

      Wenn die Tesla-Produktion startet, geht für Jörg Steinbach eine „nervenaufreibende Zeit“ zu Ende. Im Interview lässt er die Zeit mit Tesla-Chef Musk Revue passieren. Jörg Steinbach „Wir haben beide sehr viel Spaß am gegenseitigen Fachsimpeln.“ (Foto: dpa) Berlin Als Elon Musk am 12. November 2019 die erste europäische Tesla-Fabrik in Grünheide bei Berlin ankündigte, standen dort noch…
      Read More
      How Managers Can Address Their Own Biases Around Mental Health thumbnail

      How Managers Can Address Their Own Biases Around Mental Health

      Discrimination against employees because of their health — including mental health — is illegal. While HR can make sure the right supports are in place, managers should also make sure that stigma isn’t impacting their day-to-day decisions about their teams. For example, how can a manager prevent their personal views on mental health from biasing their task
      Read More
      They ask for free sale of home tests to detect covid-19 thumbnail

      They ask for free sale of home tests to detect covid-19

      Actualmente, las pruebas covid en Colombia solo las hacen las EPS y las IPS.EFE POR: enero 07 de 2022 - 12:22 p. m. 2022-01-07 2022-01-07 La Federación Nacional de Comerciantes (Fenalco) pidió que la venta libre de pruebas caseras para detectar el covid-19. (Vea: Todas las vacunas anticovid funcionan contra todas las variantes: OMS).Así lo planteó…
      Read More
      Kyiv: Ukrainians hold off Russian tanks thumbnail

      Kyiv: Ukrainians hold off Russian tanks

      Firing a constant barrage of artillery at the Russians, a troop of Ukrainian soldiers are keeping up morale: their shelling has so far stopped Moscow's tanks entering Kyiv from the east. And they hope that the enemy forces, which have struggled to take large cities, will eventually get bogged down. Wearing camouflage uniform and carrying…
      Read More
      Zoho Elevates Collaboration Solutions Amid Surging Migration from Competitors thumbnail

      Zoho Elevates Collaboration Solutions Amid Surging Migration from Competitors

      Zoho unveiled substantial upgrades to its suite of collaboration tools today, following a notable 78% year-over-year growth in user migration from leading competitors. These enhancements are designed to enhance flexibility and efficiency in today’s era of asynchronous work.The newly introduced features span artificial intelligence (AI), workflow automation, and sector-specific enhancements, aiming to refine project management
      Read More
      Index Of News
      Total
      0
      Share