Menora
Found 3 recent publications
Tal Kedem on the way to an exit: Menora enters into an investment in the Agility hedge fund
Tal Kedem and Udi Biton are set to sell a 25%–30% stake in their hedge fund, Agility, to the insurance company Menora. The deal values the fund at approximately 300 million shekels, resulting in a payout of 75–100 million shekels.
Led by insurance giants: financial reports this week in Tel Aviv
After Migdal and Clal presented a return on equity of over 22% and record core profits last week, the last three insurance companies complete the picture this week. And on the other side of the stock exchange, residential developers continue to plummet - and this is exactly the contrast that is important to know.
Selling an asset and then buying it back at double the price: Menora's unusual move
The insurance and finance company is buying back 5% of its pension and provident fund operations from the Allied Group for 249 million shekels, reflecting a valuation of about 5 billion shekels for the activity. Four years ago, Yitzhak Suary's Allied acquired the stake for 129 million shekels, and it will continue to hold 5% of the activity.