Clal gets control permits from regulators to buy control of Max from US private equity firm Warbus Pincus; deal hoped to boost competition in consumer credit market
Approval paves way for Clal to snap up Max credit card company in deal worth NIS 2.5 billion; central bank sets criteria for Clal to hold at least 30% stake in Max
Offer reflects 31.7% premium on credit card company's closing stock price on Thursday; in January Harel Insurance made a bid to buy Isracard for NIS 2.7 billion