Discount Bank Relaunches Tender for Sale of Credit Card Firm Cal
Israel Discount Bank is preparing a new tender to sell credit card company Cal following the expiration of an agreement with Union-Harel, seeking a regulatory extension.
Israel Discount Bank is preparing to launch a renewed tender for the sale of credit card company Cal, outlets Globes and Calcalist reported. The move comes after the previous sale agreement with the Union-Harel group expired.
According to the reports, Discount hopes to secure an extension from regulatory authorities to finalize the divestment. Concurrently, businessman Gil Agmon is examining an acquisition of the credit card company, while among other interested parties, most are seeking only a minority stake.
Further details regarding the tender timeline and the identities of additional bidders have not yet been released.