Phoenix Insurance and CIal Insurance invested in Mayer Cars & Trucks, over NIS 800 million
Categories: Corporate and M&A
Phoenix Insurance and Clal Insurance have each made separate investments in Mayer Cars & Trucks, totaling in an amount of over NIS 800 million.
As part of its investment, Clal will purchase 5.6% of Mayer Cars & Trucks for NIS 229 million, following the investment made recently by Phoenix for 14% of the company for NIS 574 million.
Herzog partners Limor Hodir and Amit Edelman advised on both of these deals.
