Barak Capital Becomes Substantial Shareholder in Bank Hapoalim

By דורון אביגד

Translated & summarized from Ice by baba

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Hebrew · 2 newsrooms covering

Barak Capital has become a substantial shareholder in Bank Hapoalim after purchasing approximately 480,000 shares for 36.54 million shekels. The group now holds 2.46% of the bank's equity, valued at around 2.39 billion shekels. The Bakshi family controls Barak Capital, a private trading group. It is unclear if further acquisitions are planned.

The story in 5 lines · by baba

Barak Capital acquired 480,000 Bank Hapoalim shares for 36.54 million shekels.
The purchase makes Barak Capital a substantial shareholder with 2.46% of the bank's equity.
Barak Capital's stake in Bank Hapoalim is now valued at approximately 2.39 billion shekels.
The Bakshi family controls Barak Capital, a private trading group.
It remains unknown if Barak Capital plans to increase its stake further.

Barak Capital has acquired a significant stake in Bank Hapoalim, becoming a substantial shareholder. The private trading group purchased approximately 480,000 shares of the bank on the Tel Aviv Stock Exchange for about 36.54 million shekels. Following this acquisition, Barak Capital now holds around 32.91 million shares, representing 2.46% of the bank's equity and 2.52% of its voting rights. The total market value of Bank Hapoalim is approximately 97.05 billion shekels, making Barak Capital's current holdings worth about 2.39 billion shekels. Barak Capital, controlled by the Bakshi family, specializes in trading securities, derivatives, and financial instruments both in Israel and abroad, including proprietary trading. Eyal Bakshi has been associated with the group's trading activities for years. The report does not indicate whether Barak Capital intends to increase its holdings further in Bank Hapoalim.

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