XIO Group in talks to buy Meitav Dash

Zvi Stepak

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Meitav Dash is Israel's second largest investment house with NIS 122 billion under management.

Meitav Dash Investments Ltd. (TASE: MTDS) notified the Tel Aviv Stock Exchange this morning that it is in talks to be acquired by an international fund. The announcement made no mention of the name of the prospective buyer but "Bloomberg" reports that the sale talks are with London-based XIO Group, "two people with knowledge of the matter said, asking not to be identified because the talks are private."

Meitav-Dash, controlled by Zvi Stepak and Eli Barkat's BRM Group, is Israel's second largest investment house with NIS 122 billion under management.

Published by Globes [online], Israel business news - www.globes-online.com - on August 18, 2016