TheMarkerEconomy
Delek Motors Explores Stake in Cal Credit Card Company
Translated & summarized from TheMarker by baba
BusinessNeutral tone
Delek Motors is examining the possibility of purchasing shares in the credit card company Cal. Cal is currently owned by Bank Discount and Bank Mizrahi-Tefahot. A previous deal to sell Cal for up to NIS 4 billion was halted by the Antitrust Commissioner last month.
The story in 4 lines · by baba
- Delek Motors is considering buying shares in the credit card company Cal.
- Cal is currently owned by Bank Discount (72%) and Bank Mizrahi-Tefahot (28%).
- A previous sale of Cal was blocked by the Antitrust Commissioner.
- The prior deal valued Cal between NIS 3.75 and 4 billion.
Delek Motors is reportedly considering acquiring shares in the credit card company Cal. Cal is currently controlled by Bank Discount (72%) and Bank Mizrahi-Tefahot (28%).
Previously, Cal was slated for sale to Union Investments and Harel Investments for NIS 3.75 to 4 billion. However, this deal was blocked last month by the Israeli Antitrust Commissioner.
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