Mysterious investor applies to takeover Israeli bank
by Compiled from Wire Services
ISTANBULMay 12, 2015 - 12:00 am GMT+3
by Compiled from Wire Services
May 12, 2015 12:00 am
According to an announcement by Bank Hapoalim, the biggest bank in Israel, to the Tel Aviv Stock Exchange Market, an undisclosed investor has offered to purchase all shares of Bank Pozitif.
The bank is the affiliate of Bank Hapoalim in Turkey and owns 70 percent of Bank Pozitif's shares while C Faktoring holds the other 30 percent.
The announcement stressed the investor who submitted an offer to purchase Bank Pozitif has not contacted Bank Hapoalim; therefore, the management of the bank is not considering the offer yet.
Hapoalim, which had purchased the controlling shares of Bank Pozitif in 2006, said they will be diverting their commercial transactions more to the U.S. and Switzerland.
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