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Barak family to become partner in Wesure, Ayalon for NIS 270m

Barak family to become partner in Wesure, Ayalon for NIS 270m
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Insurtech company WeSure boosts portfolio with $110 million acquisition of Ayalon

WeSure is buying 50.4% of insurance company Ayalon's shares at a $216 million valuation, 33% higher than its Tel Aviv Stock Exchange market cap ....

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WeSure buying control of insurance co Ayalon

WeSure buying control of insurance co Ayalon
Digital insurance company WeSure has agreed to buy 50.4% of Ayalon from its founder s heirs for NIS 354 million.
Digital insurance company WeSure (TASE: WESR) is buying control of insurance group Ayalon Holding Ltd. (TASE: AYAL) for NIS 354 million. This follows various reports of companies interested in buying control of Ayalon from the heirs of its founder Levi Rahmani.
WeSure will buy 50.4% of the shares in Ayalon. Emil Vainshel, one of the founders of WeSure Global Tech, previously served as CEO of Ayalon.
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