Altshuler Shaham completes reverse triangular merger and IPO
Altshuler Shaham has recently completed a reverse triangular merger and an IPO, under which Altshuler Shaham Finance’s shares were listed on the Tel Aviv Stock Exchange, while Altshuler Shaham Provident Funds and Pension’s shares were delisted from the Tel Aviv Stock Exchange.
As a result of the merger and IPO, Altshuler Shaham Provident Funds and Pension became a private company wholly owned by Altshuler Shaham Finance.
The restructuring process enables Altshuler Shaham Finance to branch out to new activities, which will work in synergy with Altshuler Shaham Provident Funds and Pension’s current activities.
This complex restructuring process was led by Herzog, Fox & Neeman’s partner Niv Sivan, together with associates Ohad Graub and Ori Oren.
