Delek Said to Be in Talks to Sell Phoenix Stake to AmTrustBy and
Israeli firm said it was in talks with U.S. company Thursday
Deal said to value Phoenix stake at 1.7 billion shekels
Delek Group Ltd., Israel’s largest energy company, has signed a non-binding letter to sell a stake in its insurance unit to AmTrust Financial Services Inc., according to people familiar with the matter.
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