Shari Arison sells Hapoalim shares for $300m

Shari Arison  photo: Einat Lavron

Distribution of the shares is being undertaken by Barak Capital, Bank of America and Citi.

Sources inform "Globes" that Shari Arison, who owns a 20% stake in Bank Hapoalim (TASE: POLI), today sold 50 million shares in a deal worth about $300 million (NIS 1.1 billion). Distribution of the shares is being undertaken by Barak Capital, Bank of America and Citi.

"Globes" reported in September that Shari Arison would be beginning a process this year of selling her stake in Bank Hapoalim, which is worth more than NIS 7 billion. When completed, Hapoalim will be left as a bank without a controlling core.

Published by Globes, Israel business news - en.globes.co.il - on November 19, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

Shari Arison  photo: Einat Lavron
Shari Arison photo: Einat Lavron
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