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Mizrahi-Tefahot was able to complete the acquisition offer of Union Bank
Mizrahi-Tefahot Bank Ltd. Acquisition of the Union Bank of Israel Ltd., for a value of NIS 1.4 billion.
The completion of the transaction marks the end of a lengthy and complex process of over 3 years, which included an almost unprecedented decision by the Competition Tribunal approving the merger between the banks, sale of Union Bank’s diamond credit business, and completion of a complex and unique exchange tender offer for the issuance of Mizrahi shares to Union Bank shareholders.
Bank Mizrahi was represented by Doni Toledano, Lior Oren and Iris Kushel from the Commercial Department, Giora Erdinast and Arik Brenneisen from the Litigation Department, Moty Yamin and Hagar Guri from the Capital Markets Department, Michal Rothschild and Shelly Wechselmann from the Competition Department, with the assistance of interns Omer Harrai and Roni Ben-Ivry.
For the full (Hebrew) articles Click on Themarke & calcalist.
