Israel's Delek mulls seeking control of Phoenix

Newswire

TEL AVIV, June 29 (Reuters) - Israeli energy, real estate and automotive conglomerate Delek Group said on Thursday its subsidiary Delek Investments is considering acquiring control of insurer Phoenix Holdings . Delek Investments already owns 33 percent of Phoenix, which has a market cap of 2.9 billion shekels ($647 million). Delek said the acquisition would be in line with its strategy of expanding its activities in the insurance, financial and banking sector. Phoenix, one of Israel's ...

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