Israel's Meitav Dash in talks to sell to international fund
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Israeli investment house Meitav Dash said on Thursday it is in talks with an international investment fund interested in purchasing the company.
Meitav Dash, which says it manages more than $37 billion for private, business and institutional clients, did not name the potential buyer or give details of the negotiations.
Meitav Dash is traded in Tel Aviv where it has a market capitalisation of 861.8 million shekels ($227.8 million). It is controlled by private investment fund BRM Group and Israeli businessman Zvi Stepak.
Ynet's sister publication Calcalist reported the deal could value Meitav Dash at more than 1.4 billion shekels.
