UNINSURED DEAL
Abu Dhabi’s ADQ drops bid to buy Israel’s Phoenix Holdings
Acquisition of Israel’s No. 1 insurer by Emirati fund would have been one of largest deals since the two countries normalized relations three years ago
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TEL AVIV, Israel – An investment group led by Abu Dhabi’s government-owned ADQ fund called off a proposed deal to buy control of Phoenix Holdings, Israel’s biggest insurer, citing regulatory issues.In a report to the Tel Aviv Stock Exchange...