Israel's Delek Sells Phoenix to China's Fosun for $471 Million

Last July, Delek signed a non-binding memorandum of understanding to sell a 47 percent stake in Phoenix to Kushner Group for nearly 1.7 billion shekels but that deal fell apart in December.

Reuters
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Delek Group controlling shareholder Yitzhak Tshuva.Credit: Tomer Appelbaum

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