Bank Hapoalim and Israel Discount Bank will each pay the State Treasury ILS 40 million within the framework of an administrative settlement (“agreed order”), in respect of their acquisitions of minority stakes in a competitor...more
5/8/2025
/ Acquisitions ,
Antitrust Provisions ,
Antitrust Violations ,
Banking Sector ,
Banks ,
Breach of Competition Law ,
Competition ,
Enforcement Actions ,
Financial Institutions ,
Israel ,
Minority Shareholders ,
Penalties ,
Regulatory Oversight ,
Settlement
A few days ago, the Israel Competition Authority’s Director General announced she had reached an agreement with Meta Platforms Inc. (owner of Facebook and Instagram). Under the agreement, Meta undertook to pay the State...more