The Phoenix Holdings Ltd.
From the WebAugust 22, 2016, 2:00 pm
Globes: Delek Group Ltd. said today that it has signed an accord to sell its 52.3% stake in insurer The Phoenix Holdings Ltd. to Yango Investment PTE. Ltd., a unit of the Chinese holding company Fujian Yango Group Co. Ltd., for 1.948 billion shekels in cash; the deal values Phoenix at 3.7 billion shekels
January 1, 2016, 2:30 pm
It started out as another stellar business deal between Israel and China — but the sale of Israel’s Phoenix Holdings to a Chinese conglomerate has become part of an international mystery
By David Shamah