Tshuva Cleared to Control Isracard
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The Bank of Israel has granted approval for Delek Group, a major Israeli energy and investment conglomerate led by Yitzhak Tshuva, to acquire a 37% stake in Isracard, one of Israel’s largest credit card issuers. The regulator reviewed the deal carefully due to concerns about ownership concentration within Israel’s financial sector.
With this clearance, Tshuva gains effective control of Isracard, pending fulfillment of conditions tied to the Bank of Israel’s permit. The transaction signals Delek Group’s strategic entry into financial services, expanding its footprint beyond energy and infrastructure.
Read more in Globes.
