May 05 2021, 4:16 PM
May 04 2021, 8:22 PM
May 05 2021, 4:16 PM
(Bloomberg) Bank Leumi Le-Israel BM, one of Israelâs largest lenders, is considering a sale of its U.S. bank arm, which could fetch about $1 billion, according to people familiar with the matter.
(Bloomberg) Bank Leumi Le-Israel BM, one of Israelâs largest lenders, is considering a sale of its U.S. bank arm, which could fetch about $1 billion, according to people familiar with the matter.
The Tel Aviv-based bank is working with a financial adviser to find buyers for Bank Leumi USA, said the people, who declined to be identified because the matter isnât public. It also may consider an initial public offering for the unit, one of the people said.
(Bloomberg) Bank Leumi Le-Israel BM, one of Israel’s largest lenders, is considering a sale of its U.S. bank arm, which could fetch about $1 billion, according to people familiar with the matter.The Tel Aviv-based bank is working with a financial adviser to find buyers for Bank Leumi USA, said the people, who declined to be identified because the matter isn’t public. It also may consider an initial public offering for the unit, one of the people said.The plans are at an early stage and Bank Leumi may opt to hold onto the business, they said.The company regularly reviews options for Bank Leumi USA as part of an investment agreement with two minority shareholders in the unit, one of the people said. Those shareholders are Endicott Management Co. and MSD Capital LP, which Bank Leumi USA’s holding company sold a 15% stake to in 2018. MSD Capital manages Michael Dell’s personal fortune.Leumi hasn’t taken any decision to carry out a transaction, the bank
Leumi mulls sale of Leumi USA for $1b - report Bloomberg reports that Leumi is working with a financial adviser to find buyers for Bank Leumi USA.
Bank Leumi (TASE: LUMI) is considering the sale of its American unit Bank Leumi USA for $1 billion, Bloomberg reports, according to people familiar with the matter. Bloomberg says that Leumi is working with a financial adviser to find buyers for Bank Leumi USA. One of the sources said that Leumi may also consider an initial public offering for the unit. The plans are at an early stage and Bank Leumi may decide to keep the business, the sources told Bloomberg.
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