U.S. Equity Company Warburg Pincus to Buy Israel’s Leumi Card for $680 Million

The fund will retain Leumi Card’s current management as it welcomes major foreign investors into the Israeli financial industry

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Bank Leumi and Azrieli Group agreed over the weekend to sell Leumi Card, Israel’s second-biggest issuer of credit cards, to the U.S. private equity firm Warburg Pincus for 2.5 billion shekels ($680 million)...