Ayalon Insurance Considers Acquiring Cal Credit Card Company
Translated & summarized from TheMarker by baba
Ayalon Insurance is considering buying the credit card company Cal after a prior sale fell through due to regulatory opposition. The move comes as Ayalon's owner, WeSure, negotiates to acquire part of Altshuler Shaham. The Israel Competition Authority had previously blocked Cal's sale to other groups.
The story in 4 lines · by baba
- Ayalon Insurance is exploring the acquisition of credit card company Cal.
- A previous sale of Cal to Horesh and Harel groups was blocked by the Competition Authority.
- Ayalon's controlling shareholder, WeSure, is negotiating to buy part of Altshuler Shaham.
- The Competition Authority's opposition led to the failure of Cal's prior sale.
Ayalon Insurance is reportedly exploring the acquisition of Cal, a credit card company. This potential deal follows the collapse of a previous sale of Cal to the Horesh and Harel groups, which was blocked by the Israel Competition Authority. The timing of Ayalon's interest is notable, as its controlling shareholder, WeSure, is in advanced negotiations to purchase a portion of the Altshuler Shaham investment house.
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