IDB Ends Talks with Permira Over Clal Insurance

IDB Holding Corp. has ended talks to sell its majority stake in Clal Insurance to private equity firm Permira, Reuters reported Wednesday. The two parties failed to reach an agreement. IDB's subsidiary IDB Development owns 55% of Clal Insurance, one of Israel's top two insurers, Reuters wrote.

21 September 2011•1 min read
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