We are happy to update you that Israel’s Competition Commissioner has approved the merger transaction between Altshuler Shaham and Psagot Investment House.  In February, Altshuler Shaham had agreed to acquire Psagot from Apax Partners for 910M NIS, but the deal required regulatory approval.

Our partner, and head of our Antitrust and Competition Department, Talya Solomon and associate Hadar Rubinshtein, worked with Altshuler Shaham in this complicated process.