Yigal Arnon & Co. represented Mr. Shlomo Eliyahu and his group in the acquisition of control in Midgal Insurance and Financial Holdings Ltd. for 835 Million Euro

07/03/2012

 

Advocates Shiri Shaham and Yuval Shalhevet represened Mr. Shlomo Eliyahu and his group in the transaction for the acquisition of control in Midgal, an insurance and financial services group. Under the agreement, signed on March 7, 2012, the purchaser will pay to the Italian company Generali, the sum of 835 Million Euro, in consideration for approximately 69% of the shares of Migdal Insurance and Financial Holdings Ltd. The closing of the transaction is subject to the receipt of the requisite regulatory approvals.