trending Market Intelligence /marketintelligence/en/news-insights/trending/EPg4ol8x578ftPYUunwsRg2 content esgSubNav
In This List

Report: Delek Group to announce new buyer for Phoenix Holdings stake

Blog

Perspectives from China: The Shifting Regulatory Landscape

Blog

Anticipate the Unknown: Does Supply Chain Disruption Lead to Increased Credit Risk?

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

Expand Your Perspective: Data & Distribution Q&A


Report: Delek Group to announce new buyer for Phoenix Holdings stake

Israel's Delek Group Ltd. will soon announce a new agreement for the sale of its controlling stake in Phoenix Holdings Ltd., Globes reported, citing market sources.

This comes after the Israeli conglomerate's deal with Chinese investor Yango Investment PTE. LTD. was terminated after it failed to get a nod from regulators in Israel.

Delek Group is expected to off-load its Phoenix stake under Israeli regulations that bar conglomerates from owning both financial and nonfinancial entities.

The move is also in line with the group's strategy to focus its business on energy, according to the Aug. 10 report.