Menora Mivtachim Holdings has signed a deal to buy a controlling stake in credit card company Isracard. Menora Mivtachim will be allocated 33% of Isracard's shares at a company valuation of NIS 3.15 billion. The deal is subject to approval by Isracard's shareholders and regulators, including the Israel Competition Authority. Isracard's advisors in the deal are Value Base Mergers and Acquisitions and the Erdinast Ben-Nathan Toledano and Dalia Tal law firms.
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