Warburg to buy Leumi Card for 2.5 bln shekels

Warburg Pincus has agreed to buy Leumi Card for 2.5 billion shekels ($684 million). Bank Leumi and Azrieli Group are the sellers. Bank Leumi said it expects to record an after-tax profit of 234 million shekels. Leumi, of Israel, is a credit card operator.

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