Tag: George Kores


  • Discount Bank Sells Stake in Cal: A Long Road Ahead

    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,…