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Shari Arison mulls foreign partner for Bank Hapoalim

Shari Arison hopes that selling a stake to a foreign partner would help expand the Bank’s international business.

Shari Arison

 

Shari Arison is considering bringing a new investor into Bank Hapoalim (TASE: POLI). Sources inform “Globes” that the Arison group is considering the recruitment of a new partner in the controlling interest in Israel’s largest bank. As far as is known, as of now, there are no concrete contacts with any specific investor, but the group has decided to seriously consider offers in the matter.

Arison currently owns 20.2% of Bank Hapoalim’s shares through Arison Holdings, with a market value of $1.48 billion. Market sentiment towards the Bank Hapoalim share is positive. The share has climbed 16% since the beginning of the year, so the share price is attractive for such a sale. The Arison group has sold free shares in the bank (that are not part of the controlling interest) for over $105 million. If more shares are sold, it means there will be another partner in the controlling interest… READ MORE

By Irit Avissar and Ron Stein

GLOBES logo-eng (1) Published by Globes [online], Israel business news – www.globes-online.com

 

Search Results for: Shari Arison

Shari Arison

Arison Investments, owned by businesswoman and controlling

shareholder of Bank Hapoalim Shari Arison, on Monday filed a

$5 million lawsuit against the extended Dankner family, the

family-owned private companies More…

Tsvi Propes St

Teddy Sagi is entering the residential real estate market in Israel.

His group has won a pricing procedure for the rights to land in

northwest Tel Aviv owned by Shari Arison-controlled Housing

and Construction More…

Shari Arison

– The shares, held by Arison through Salt Industries, were sold on

Thursday for $50 million. – – Shari Arison has liquidated about half

the free shares she holds in Bank Hapoalim (TASE: POLI). Last Thursday,  More…

Shari Arison

Globe’s reported yesterday that Shari Arison, the core controlling

shareholder of the Israeli Bank Hapoalim, sold off NIS 250 million

(About  $69.5 million) of the bank’s shares on Thursday. More…

Shari Arison

– Shari Arison – / By Cellia Shani / ADO Group , a real estate company

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listed on the Tel Aviv Stock Exchange , subsidiary of the Shikun & Binui

construction Group, also publicly listed in Tel Aviv,  and which More…

Computer rendering of planned Tel Aviv light rail.

Shikun u’Binui Holdings Ltd. (TASE: SKBN) unit Solel Boneh controlled

by Shari Arison and China Railway Tunnel Group (CRTG) have won the

huge tender to build the tunnels and underground stations in the western More…

NBA Labor Negotiations

The Florida-Caribbean Cruise Association (FCCA) has named Micky Arison,

Chairman of Carnival Corporation as its new Executive Committee chairman,

as reported by gnomes national news service. Arison takes More…

 

 

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