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Abu Dhabi state fund-backed group to buy NIS 2 3 billion stake in Israel s Phoenix

Consortium of Emirati funds led by ADQ set to acquire 25%-30% of biggest Israeli insurance company from two US private investment firms

United statesTel avivAbu dhabiBenny gabbayEyal ben simonDevelopmental holdingsMubadala investment coPhoenix holdings ltdMubadala petroleumSavings authorityYitzhak tshuva delek groupAbu dhabi basedCenterbridge partnersGallatin point capitalGallatin pointBen simon

Centerbridge and Gallatin Point are in advanced negotiations with Emirate funds to enter Phoenix s controlling stake

Centerbridge and Gallatin Point are in advanced negotiations with Emirate funds to enter Phoenix s controlling stake
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New yorkUnited statesCity ofUnited kingdomAbu dhabiBenny gabbayEyal ben simonGallatin point capitalPhoenix groupSavings authorityCapital markets authorityGallatin pointCapital marketsPhoenix boardBen simonChairman benny

Abu Dhabi state fund to buy control of Phoenix for NIS 2 3b

ADQ is buying a controlling stake in Israel's biggest insurance company from US funds Centerbridge and Gallatin Point.

United statesAbu dhabiAbuz abyUnited arab emiratesYitzhak tshuvaBenny gabbayBenjamin netanyahuEyal ben simonMubadalah fundDelek groupIsrael phoenix assurance ltdAbu dhabi development holding coAbu dhabi development holdingIsrael phoenix assuranceGallatin point capitalBen simon

Stock Market | FinancialContent Business Page

Stock Market | FinancialContent Business Page
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