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Clal Insurance and Phoenix eye Psagot s insurance units
While Altshuler Shaham is holding talks with Apax to buy Psagot s core activities, separate talks are being held to sell the investment house s insurance agencies.
While Altshuler Shaham Ltd. investment house is in exclusive talks with Apax Partners to buy the core activities of Psagot Investment House Ltd., sources close to the matter have told Globes that separate talks are being conducted for Psagot s insurance holdings.
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These holdings include Davidoff, Haiman and Profit with Clal Insurance Enterprises Holdings Ltd. (TASE: CLIS) and The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) both reportedly interested in the agencies. Apax, managed in Israel by Zehavit Cohen, declined to comment on the matter.