IFLR1000

Citigroup $515 million acquisition of State of Israel's stake in Bank Leumi

4/9/2018
Private acquisition
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$ 515 million

Announced

4/9/2018

Overview:

  • Citigroup has acquired a 5.4% stake in Bank Leumi from the State of Israel.
  • The deal marks the end of the privatisation of nationalised banks in Israel.
  • In August 2018 Bank Leumi has sold its credit card subsidiary in a $715 million deal.

Mihail Georgiev - Data analyst

Jurisdiction:

Israel

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Israel

Industry sectors:

Banking
Government and public policy

Firms:
FISCHER (FBC & Co.)

Party: State of Israel (Seller)

Lawyer: Miri Kimhi

Freshfields Bruckhaus Deringer

Party: State of Israel (Seller)

Meitar | Law Offices

Party: Bank Leumi (Target)

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