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Phoenix and Clal invest in Mayer Cars & Trucks

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Phoenix and Clal invest in Mayer Cars & Trucks

29 December 2022

We would like to extend our congratulations to both of our clients, the Phoenix Insurance and Clal Insurance on each of their separate investments in Mayer Cars & Trucks, totaling in an amount of over NIS 800 million!

As part of its investment, Clal will purchase 5.6% of Mayer Cars & Trucks in consideration for NIS 229,000,000. Clal’s investment in the company follows the investment made by the Phoenix a month ago, for the purchase of 14% of the company in consideration for NIS 574,000,000.

Many thanks go out to our partners Limor Hodir & Amit Edelman who worked on both of these deals.

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