Migdal

Fortissimo Capital is acquiring a controlling 60% stake in inventory giant RGIS for 400 million euros, partnering with Migdal and Poalim Equity in a major global transaction.

Migdal Insurance is launching new savings policies with Goldman Sachs called 'Migdal Keshet LePerat'. The move aims to capture renewed Israeli demand for global asset diversification amid shifting market trends.

At 90 years old, Migdal controlling shareholder Shlomo Eliahu has taken over as temporary CEO of Migdal Holdings, stepping into the role amid ongoing managerial turbulence and regulatory scrutiny.

Migdal Holdings announces that owner Shlomo Eliyahu will temporarily serve as CEO following Yossi Ben Baruch's departure. The firm approaches a 20 billion shekel market valuation.

Kanyon HaZahav in Rishon LeZion has opened its new 12,000-sqm Platinum Floor for 100 million shekels, making it Israel's largest mall at 122,000 square meters following full acquisition by Migdal.

Migdal Insurance has dropped below a 5% stake in «Shufersal» after selling shares worth 125 million shekels. The move follows weak financial results and a 12% drop in the supermarket chain's stock over the past month.

Five insurance companies in Israel will pay 310.7 million NIS to settle a 13-year class-action lawsuit over interest calculations on delayed policy payouts.

Shaul Kobrinsky resigned as Migdal Insurance investment committee chairman following Capital Market Authority rulings against holding concurrent roles at Strauss Group.

Migdal Insurance is acquiring a 50% stake in three major residential projects from the Prashkovsky company for 700 million shekels. The deal encompasses 800 housing units intended for rental.

Prashkovsky has signed a strategic agreement with Migdal Insurance and Finance to sell half of its rights in three long-term rental housing projects. The projects, which include about 800 housing units, will yield a profit of about 111 million shekels for Prashkovsky.

A dramatic court ruling reveals how an erroneous distribution of compensation funds after death led to a demand for immediate restitution, and clarifies who is truly entitled to the funds accumulated in the deceased's policy.

Following the arson of eight luxury cars in Rishon LeZion, Migdal Insurance refused to pay compensation, citing a "human error" in the policy wording.

Bank Jerusalem and Migdal have signed a joint financing agreement to establish a 400 million shekel credit line. The funds are intended for providing "jumbo loans" secured by residential real estate.

A few days after the insurance giant reported massive profits of hundreds of millions of shekels, CEO Ronen Agassi and senior management left their offices to participate in a field initiative alongside a star from the series 'Checkout' (Kupa Rashit).

Insurance company Migdal presented a 5% growth in core profit, but the interest rate cut eroded the total profit, which stood at approximately 575 million shekels at the end of the quarter. The long-term savings sector continued to enjoy growth.

Core profits broke a record, return on equity jumped above the target, and CSM from new business doubled - so why did the total profit barely rise? The quarter behind Migdal's big numbers.

Two years after the Capital Market Authority's reform, pension savings tracks remain a source of confusion. Identical names hide vastly different investment strategies, leading to significant yield gaps and forcing savers to dig deep to understand their portfolios.

Migdal insurance company sought approximately 175,000 shekels from a woman who received excess disability benefits due to a calculation error. The court ruled that the woman is required to return only 20 percent of the total amount.

Following the discovery of over 420 kg of cannabis and cultivation equipment at a villa in Migdal, police have filed an indictment against a 57-year-old resident of Yavne. The property has been ordered closed for 30 days.

During a raid on a luxury villa in the moshav of Migdal, police seized 420 kg of cannabis and cultivation equipment. A 57-year-old Yavne resident has been indicted for illegal electricity theft totaling over 150,000 shekels.

Big has completed the sale of its 80% stake in the Legends at Sparks Marina shopping center in Nevada for $82 million. Following this transaction, the company retains only one remaining property in the US, which it also intends to divest.

After a 15-year legal battle, insurance companies have begun issuing refunds as part of a settlement agreement totaling approximately 1 billion shekels. Eligible individuals will receive the funds automatically, with no application required.