FBC Advises the Chinese Fosun Group in its NIS 1.8B Acquisition of the Controlling Stake in Phoenix Holdings

July, 2015 - Israel

FBC advised the Fosun Group, the largest privately owned conglomerate in China, in its NIS 1.8B acquisition of the controlling stake in Phoenix Holdings, one of Israel’s largest holding companies which includes insurance and management of members' funds, from the Delek Group.

The transaction involved the acquisition of 52.31% of the Phoenix Holdings at a valuation of NIS 3.45B, which compares with a market cap on the Tel Aviv Stock Exchange of NIS 2.7B

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