ADVANCED TALKS
Abu Dhabi’s ADQ in negotiations to buy Israel’s Phoenix Insurance
Acquisition of Israel’s No. 1 insurer would be one of largest deals since the United Arab Emirates normalized relations with Israel two years ago
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Abu Dhabi’s government-owned ADQ is in talks to buy control of Phoenix Holdings, Israel’s biggest insurer, for at least $675 million — between 25-30% of the company.
The negotiations with U.S. investment firms Centerbridge Partners and Gallatin Point Capital are...