Sirius agrees to $700mn deal for Israel's Phoenix

Sirius has agreed to buy a majority interest in Phoenix Holdings
for about 2.51bn shekels ($702mn) from Israel's Delek Group,
starting with a 4.9 percent stake.
The agreement comes a few months after thecollapse of the most recent deal Delek engineered to sell the
local insurer, a transaction valued at 2.2bn shekels to China's
Fujian Yango Group, apparently because of regulatory delays.
In the latest agreement, Bermuda-based Sirius is to buy the small
stake for 208mn shekels. Then Sirius...