Israel: Israel regulator will not challenge Mizrahi’s acquisition of Union Bank
Israel’s antitrust authority said on Tuesday it would not challenge a court decision to allow the acquisition of Union Bank of Israel by rival Mizrahi Tefahot Bank.
Israel’s third-largest lender late in 2017 agreed to buy Union, the sixth-largest bank, in an all share deal valued at 1.4 billion shekels ($404 million).
The antitrust authority initially rejected the deal, saying the disappearance of Union Bank as a competitor likely would harm competition over private customers in the banking sector. Last month an antitrust court overturned that decision.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Urged to Enforce Rarely Used Antitrust Law Against Retail Giants
Mar 28, 2024 by
CPI
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI