Apax Partners LLP, the controlling shareholder in Psagot Investment House Ltd. is considering a merger of Psagot with Direct Insurance - Financial Investments Ltd. (TASE: DIFI) subsidiary Direct IDI Holdings Ltd., sources inform Globes. It is still unclear whether and how a deal between the two companies will take place, but it is believed that a share swap is under consideration. Sources close to Direct Insurance denied that such contacts were taking place, and company management stated, "The information is incorrect."
Direct Insurance - Financial Investments Ltd.
Equities
DIFI
IL0010836828
Property & Casualty Insurance
Delayed
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5-day change | 1st Jan Change | ||
4,079 ILa | -.--% | -.--% | -2.88% |
1st Jan change | Capi. | |
---|---|---|
-2.88% | 616M | |
+42.87% | 64.22B | |
+17.92% | 53.28B | |
+14.10% | 49.68B | |
+21.65% | 44.39B | |
+33.20% | 36.71B | |
+14.03% | 29.9B | |
+53.08% | 29.09B | |
+26.97% | 26.03B | |
+20.78% | 21.2B |
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- Apax Mulls Merging Psagot with Direct Insurance