Globes - Israel Business News·3 min read·medium
Jared Kushner firm sells 25% of Phoenix Financial stake
E
Eitan Gerstenfeld
✦AI Summary
Jared Kushner’s Affinity Partners has sold a 25% stake in the Israeli insurance firm Phoenix Financial for NIS 1.05 billion. Despite the sale, the firm remains the largest shareholder in the company, which has seen significant growth since their initial investment.
Eighteen months after becoming the largest shareholder in insurance company Phoenix Financial (TASE: PHOE), Jared Kushner’s Affinity Partners is selling a quarter of its shares for NIS 1.05 billion.
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