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Representation of Mizrahi Tefahot Bank in the NIS1.4 billion contemplated merger with Union Bank of Israel
Representation of Mizrahi Tefahot Bank in the NIS1.4 billion contemplated merger of Union Bank of Israel, the country’s sixth largest bank, with and into Mizrahi Bank.
The transaction involves complex regulatory process, including the need to obtain regulatory approvals from the Commissioner of the Bank of Israel, Supervisor of the Banks, the Ministry of Treasury, the Israeli Antitrust Authority, the Israeli Securities Authority and also the Tel Aviv Stock Exchange
Mizrahi is Israel’s third largest bank by assets, and offers a complete range of international, commercial, domestic and personal banking services.
The acquisition of a banking institution by another bank is a rare and almost unprecedented event in the local Israeli market.
Mizrahi is represented by partners Doni Toledano, Lior Oren, Nitzan Aberbach and Hagar Guri, and attorney Irina (Iris) Kushel.
