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Wyshuar GlobalTech Nears Deal to Acquire Control of Altshuler Shaham

How 4 Israeli newsrooms covered this story — translated into English and compared side by side.

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By עוזי גרסטמן

First reported by TheMarker · 11 hours ago

What happened

Wyshuar GlobalTech is nearing a deal to acquire controlling interest in Altshuler Shaham Finances for approximately 1 billion shekels, partnering with CEO Yair Levinstein. The acquisition aims to significantly expand Wyshuar's financial services by integrating Altshuler Shaham's long-term savings business with its existing insurance operations.

01Wyshuar GlobalTech and Yair Levinstein are negotiating to buy control of Altshuler Shaham Finances.
02The deal values Altshuler Shaham at 1.8 billion shekels, with the purchase price around 1 billion shekels.
03Wyshuar would invest 820 million shekels for a 45% stake, while Levinstein increases his share.
04The acquisition integrates Altshuler Shaham's savings business with Wyshuar's Ayalon Insurance.
05The transaction aims to accelerate Wyshuar's growth in the long-term savings market.
06Financing details and the future of Ayalon's provident fund are still to be determined.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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