Harel’s newest supply represents a 22% premium on Isracard’s present share worth.
The battle to accumulate management of Israel’s largest bank card firm Isracard (TASE: ISCD) continues. This morning the board of administrators of Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) authorized elevating its bid to purchase 100% of Isracard from NIS 2.934 billion to NIS 3.304 billion.
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Last week insurance coverage and finance firm Menora Mivtachim (TASE: MMHD) has submitted a brand new bid to purchase a controlling core of 32% of Isracard at an organization valuation of NIS 3.5 billion.
The present share worth of Isracard, managed by CEO Ran Oz, is NIS 13.64, in order that Harel’s newest supply represents a 22% premium on its present share worth.
Published by Globes, Israel enterprise information – en.globes.co.il – on March 19, 2023.
© Copyright of Globes Publisher Itonut (1983) Ltd., 2023.
