Delek closes sale of 32.5 pct of Phoenix to Centerbridge, Gallatin

Delek Group said Nov. 4 that it completed the sale 32.5 percent of the Phoenix Holdings to Centerbridge Partners LP and Gallatin Point Capital LLC for 1.57 billion shekels ($446 million). The deal included cash and 83,255,973 Phoenix shares. Phoenix, of Israel, is a holding company offering insurance and investments.

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