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Israeli Energy Co. Delek Sells Insurer To PE Firms For $442M

By Matthew Guarnaccia ( February 27, 2019, 3:13 PM EST) -- Israeli energy conglomerate Delek Group said on Wednesday it will sell its remaining stake in insurance firm The Phoenix Holdings Ltd. to private equity firms Centerbridge Partners LP and Gallatin Point Capital LLC, striking a 1.6 billion shekel ($442.2 million) deal in the company's latest attempt to shed the business....

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