trending Market Intelligence /marketintelligence/en/news-insights/trending/lx3v4YkT-J_-cpQhd_zeng2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Blackstone seeks controlling stake in Israeli credit card company

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Report: Blackstone seeks controlling stake in Israeli credit card company

Private equity giant The Blackstone Group Inc. is aiming to buy a controlling stake in Isracard Ltd. at a valuation of 2.8 billion shekels, Haaretz reported.

Bank Hapoalim BM, however, is reportedly looking for a higher valuation for Isracard, in which the bank owns a 33% stake.

Yona Fogel, who is stepping down from Paz Oil Co. Ltd. as CEO, is also working to form an investor group that would bid for Isracard, the publication noted.

Hapoalim and Bank Leumi le-Israel BM had been ordered by the Israeli government to sell their credit card divisions to spur competition in consumer lending. Hapoalim reportedly has until January 2021 to fully divest from Isracard. The bank may still choose other options, including listing Isracard's remaining shares on the Tel Aviv Stock Exchange, or issuing the shares as a dividend to Hapoalim's stockholders.

Danny Gillerman, a former Israeli ambassador to the United Nations, is leading Blackstone's planned bid, along with former CAL Israel Credit Cards CEO Doron Sapir.

Hapoalim and Sapir did not comment on the matter, according to Haaretz.

As of Jan. 17, US$1 was equivalent to about 3.46 Israeli shekels.