Category: Phoenix
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Jared Kushner becomes biggest shareholder in Phoenix
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Updated 19.00 The Financial Market, Insurance and Savings Authority has approved the sale of shares in Phoenix Financial Ltd (TASE:PHOE) to the convergence fund of Jared Kushner, son-in-law of US President-elect Donald Trump. The approval was issued on the last day before the expiration of the option to exercise 4.95%…
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Centerbridge and Gallatin sell control of Phoenix
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Phoenix Holdings, Israel’s largest insurance and finance company (TASE: PHOE), informed the Tel Aviv Stock Exchange (TASE) that its controlling shareholders Centerbridge Partners and Gallatin Point (31.45%) are selling most of their stake. Centerbridge and Gallatin are selling 21.5% of Phoenix for NIS 2 billion to other investors at NIS…
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Centerbridge and Gallatin sell control of Phoenix
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Phoenix Holdings, Israel’s largest insurance and finance company (TASE: PHOE), informed the Tel Aviv Stock Exchange (TASE) that its controlling shareholders Centerbridge Partners and Gallatin Point (31.45%) are selling most of their stake. Centerbridge and Gallatin are selling 21.5% of Phoenix for NIS 2 billion to other investors at NIS…
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Jared Kushner in talks to buy Phoenix stake
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Affinity Partners, led by US President Donald Trump’s son-in-law Jared Kushner, is in talks to buy a 4.9% stake in Israeli insurance and finance group Phoenix Holdings, with an option to buy an additional 4.9%. Affinity Partners, led by Donald Trump’s son-in-law Jared Kushner, is in talks to buy a…