Barak Capital Owners Buy 35 Million Shekels in Bank Hapoalim Shares
Translated & summarized from Globes by baba
Eyal Bakshi, owner of Barak Capital, and his wife Ronit purchased Bank Hapoalim shares worth about 35 million shekels on October 23rd. This move highlights their substantial 2.46% stake in the bank, valued at roughly 2.5 billion shekels. Bank Leumi is a significant partner in Barak Capital's underwriting subsidiary. Bakshi is a well-known figure in the Israeli capital market.
The story in 5 lines · by baba
- Eyal Bakshi and his wife Ronit bought Bank Hapoalim shares worth 35 million shekels.
- The purchase reveals their 2.46% stake in Bank Hapoalim, valued at 2.5 billion shekels.
- Bank Leumi is a key partner in Barak Capital's underwriting subsidiary.
- The acquisition occurred amid a 5% drop in Bank Hapoalim's stock price.
- Eyal Bakshi is a prominent proprietary trader in Israel's capital market.
Eyal Bakshi, owner of Barak Capital, and his wife Ronit have purchased Bank Hapoalim shares worth approximately 35 million shekels. The purchase, which occurred on Friday, October 23rd, involved 481,000 shares bought at an average price of 76 shekels per share. The current market price for Bank Hapoalim stock is 73 shekels, following a 5% decline this week amid broader market drops and a downturn in bank stocks after election results.
This acquisition by the Bakshis reveals a significant stake they hold through Barak Capital, amounting to 2.46% of Bank Hapoalim's total shares. This stake is valued at approximately 2.5 billion shekels in market capitalization. Bank Hapoalim, like Bank Leumi, is a bank without a controlling core.
Barak Capital has a subsidiary in the underwriting sector, Barak Capital Underwriting, managed by Tsvika Mans. Notably, Bank Leumi, through its real estate investment arm Leumi Partners, is a major partner in Barak Capital Underwriting, holding a 20% stake in the subsidiary. Eyal Bakshi is recognized as a prominent proprietary trader in the local capital market, operating extensively in derivatives, bonds, and stocks. Barak Capital Underwriting has been involved in several major public offerings in Israel.
Eyal Bakshi's response to this development has not yet been received and will be included if provided.
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