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Bank Hapoalim Renews Talks to Buy Russian Bank


According to Globes, Bank Hapoalim is in advanced talks for the acquisition of a 55% controlling stake in a bank in Russia. Bank Hapoalim will reportedly pay $275 million for the controlling stake, reflecting a value for the bank of $500 million. Bank Hapoalim chairman Dan Dankner, CEO Zvi Ziv, and mergers, acquisitions and business development manager Eyal Han were in Russia this week to oversee the negotiations. (Globes)



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