Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  News

News :

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
The feature you requested does not exist. However, we suggest the following feature:

Bank Hapoalim : Arison in deal to sell 49 percent of Bank Hapoalim's major shareholder

share with twitter share with LinkedIn share with facebook
share via e-mail
09/24/2017 | 08:49am CEST

Billionaire Shari Arison has signed a non-binding agreement to sell 49 percent of Arison Holdings, through which she holds a controlling 20 percent stake in Israel's Bank Hapoalim, to financial institutions in North America.

Arison's 20 percent share in Hapoalim, Israel's biggest bank, is valued at 6.5 billion shekels ($1.9 billion).

The price will be based on Arison Holdings' equity based on a valuation for Hapoalim of 24.82 shekels a share, Arison Holdings said in a statement to the Tel Aviv Stock Exchange on Sunday. Arison said there was no certainty that a deal, which requires approval from the Bank of Israel, will be completed.

Hapoalim's shares closed at 24.13 shekels on Tuesday, the last day of trading before a Jewish holiday.

($1 = 3.4913 shekels)

(Reporting by Tova Cohen; Editing by Steven Scheer)

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news
08:48a HTC : Google to acquire 2,000 HTC employees in $1.1bn deal
08:48a FIREEYE : reveals details of Iranian hacking group
08:44a STERLING WORK PUTS CITY IN POLE POSITION : Premier league round-up
08:40a BERKSHIRE HATHAWAY : announces sales awards
08:40a FEDERAL HOME LOAN MORTGAGE : Thirty-year fixed mortgage rate rises to 3.83 percent
08:40a WAL MART STORES : Punta Gorda closer to annexing Walmart
08:37a MICROSOFT : Sunday talk shows for Sept. 24
08:33a GITEX DEAL OF THE DAY : Buy Samsung S8 devices and get premium freebies
08:32a MOODY'S : Outlook on Lebanon's banking system changed to stable on political stability and growth
08:32a FINTECH : Financial regulators of Japan and Abu Dhabi Global Market cooperate on fintech
Latest news