Discount Capital Invests $11 Million in Brand's Natan Company
Discount Capital, a subsidiary of Discount Bank, is investing NIS 41 million (approximately $11 million) in Natan, a company founded by Haim Brand. Following this announcement, Natan's stock price surged by 11% on the Tel Aviv Stock Exchange.
In other financial news, Energean announced a significant agreement to sell approximately $1.4 billion worth of gas to the Karish field, destined for the Karish North platform. Separately, the controlling shareholders of Altshuler Shaham, a major Israeli investment house, are reportedly exploring the possibility of selling their stakes, a move that also saw the company's stock price rise.
The article also touches upon broader market trends, noting a jump in oil prices above $100 per barrel, which contributed to a 1.5% decline in European stock markets. It references a $10 billion fund's investment strategy in companies like Google and Nvidia, positioning itself for future technological revolutions. Additionally, it highlights the substantial earnings of senior executives at The Phoenix insurance company, with options and incentives leading to profits of NIS 100 million ($27 million).
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