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Excellence buys Mizrahi provident funds for NIS 405m.
(From Israel Business Arena)
Byline: Eran Peer
Investment house Excellence Nessuah has bought United Mizrahi Bank's (TASE: MZRH) provident funds for NIS 405 million.
The other contenders in the final round of pricing in the tender for the sale of the provident funds were Israel Phoenix Assurance (TASE: PHOE1 ;PHOE5), and the Markstone Fund-Solomon.
Insurance companies Harel Insurance Investments (TASE: HARL), Menorah Holdings (TASE: MORA1 ;MORA5), and Migdal Insurance (TASE: MGDL) dropped out …
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