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May 23, 2019

Centerbridge, Gallatin buy control of Phoenix from Delek

By Ron Stein Centerbridge Partners and Gallatin Point Capital have signed a binding agreement to buy the controlling stake in The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) from Delek Group Ltd. (TASE: DLEKG), controlled by Yitzhak Tshuva, at a company valuation…

May 23, 2019

Israel’s Delek to sell insurer Phoenix to private equity firms

Reporting by Tova Cohen; Editing by Steven Scheer TEL AVIV (Reuters) - Delek Group signed a binding agreement for the sale of 32.5% of insurer Phoenix Holdings for 1.72 billion shekels ($476 million) to private equity firms Centerbridge Partners and…

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