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Israel's Bank Leumi in talks over U.S. disposal

reuters.com · 09/01/2021 06:15
Israel's Bank Leumi in talks over U.S. disposal

- Leumi BLMIF, one of Israel's two largest banks, said on Wednesday that it is in contact with a U.S. banking group to potentially sell part or all of its Leumi USA LEUMUIL.UL operation.

In a report to the Tel Aviv Stock Exchange, Leumi said it is too early to assess whether the talks would lead to a deal.

Leumi said in May that it would examine a number of options related to Leumi USA, including a potential sale or initial public offering.



(Reporting by Steven Scheer
Editing by David Goodman
)

((steven.scheer@thomsonreuters.com; +972 2 632 2210; Reuters Messaging: steven.scheer.thomsonreuters.com@reuters.net; Twitter: @StevenMScheer))