Migdal (company)
For other uses, see Migdal (disambiguation).
Migdal Insurance and Financial Holdings Ltd. (Hebrew: מגדל) (TASE: MGDL) is one of the largest and oldest Israeli insurance companies.
History
Migdal was founded in Jerusalem in 1934, the original group of investors included local Palestinian Jews, families from Egypt and Italy and the Italian insurance company Assicurazioni Generali which held a 50% stake and provided the original financial and professional backing.
Generali eventually held 70% of Migdal's shares, and Bank Leumi owns almost 10%.
In September 1996, Migdal made its initial public offering on the Tel Aviv Stock Exchange, selling 20% shares stake.
In March 2012 Assicurazioni Generali sold Migdal to Shlomo Eliahu.[1]
References
- ↑ Shlomo Eliahu buys Migdal from Generali 7 March 2012, Globes
External links
This article is issued from Wikipedia - version of the 6/2/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.