Generali sells 69.1% of Israeli Migdal for €835m
The Generali Group has agreed to sell its entire 69.1% holding in Migdal Insurance and Financial Holdings to Shlomo Eliahu, founder and controlling shareholder of the Israeli financial Group Eliahu.
The consideration for the transaction is €835m and will be settled entirely in cash. This corresponds to an implied premium of approximately 12.6% with respect to Migdal's share price on the Tel Aviv
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