Globes - Israel Business News·4 min read·hard
Isracard cancels acquisition of Nir Zuk’s Esh Bank
E
Eitan Gerstenfeld
✦AI Summary
Isracard has officially cancelled its planned acquisition of the digital bank Esh Bank after the memorandum of understanding expired. The deal, valued at up to NIS 500 million, would have expanded Isracard's banking operations.
Six months after signing a memorandum of understanding (MOU) to acquire Israeli digital bank Esh, credit card company Isracard (ISCD) has announced that it will not be moving forward with the deal after talks have broken down.
businesseconomy
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