Tag: Discount Bank
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Discount Bank Sells Share in Cal: Future Prospects Ahead
Introduction On Friday morning, Discount Bank, led by CEO Avi Levy, announced its decision to sell a 72% stake in Cal (Isracard) to Union Investments, owned by billionaire George Horash, and Harel Insurance, controlled by the Hamburger family. The winning bid valued Cal at 3.73 billion shekels, with the potential to rise to 4 billion…
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Discount Bank’s Sale of Its Share in Cal: Key Insights
Introduction In a significant move within the financial sector, Discount Bank, led by CEO Avi Levi, has announced its decision to sell a 72% stake in Cal (Israeli credit card company) to Union Investments, owned by billionaire George Kores and the Harel Insurance Group. The deal, valued at approximately 3.73 billion shekels, may potentially escalate…
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Discount Bank Sells Stake in Cal: A Long Road Ahead
Introduction In a significant move, Discount Bank, under the leadership of Avi Levi, announced its decision to sell its 72% stake in Cal (Isracard) to Union Investments, led by billionaire George Kores and his children, along with Harel Insurance. The acquisition comes with a valuation of 3.73 billion shekels, potentially rising to 4 billion shekels,…