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«Delek» is selling the insurance company «Phoenix» Americans

Just two days after the official breakup of the sale of the insurance company «Phoenix» Chinese holding «Fosun», the company «Delek» has announced the signing of a preliminary agreement for the sale of the company to the American company AmTrust Financial Services, according to The Marker.

The transaction value is estimated at 1.7 billion NIS 100 million NIS less than the price offered by Chinese buyer.

AmTrust, founded in 1998, has a network of insurance companies operating in the United States. The value of the company on the American stock exchange – $ 4.5 billion.

The company had previously expressed interest in buying other for sale Israeli insurance company, «Clal».

«Delek» is selling the insurance company «Phoenix» Americans 19.02.2016

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