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Cal CEO Meets Finance Ministry Over Sale Deadline Extension
Cal CEO Yafit Grani met with the Ministry of Finance Director General to discuss extending the deadline for Discount Bank to sell its controlling stake in the credit card company. The sale is mandated by April 2027, but a previous deal with George Horesh and Harel collapsed over regulatory demands.
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What happened
- 01Cal CEO Yafit Grani met with the Finance Ministry Director General regarding Discount Bank's sale deadline.
- 02Discount Bank must sell its 72% stake in Cal by April 2027.
- 03A prior sale to George Horesh and Harel collapsed due to Competition Authority demands.
- 04Gil Agmon and Assaf Rappaport are among potential new buyers for Cal.
- 05Many interested parties are reportedly seeking only a minority stake in Cal.
Several potential buyers, including Gil Agmon and Assaf Rappaport, are reportedly interested, though many seek minority stakes. The government may consider an extension due to previous sale delays.
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