Israeli Regulator Approves the Altshuler Shaham-Psagot Deal

The Israel Competition Authority approves Altshuler Shaham’s acquisition of Psagot Investment House, it says in email.

• Regulator says deal isn’t expected to harm competition in the pension and provident fund sectors since there are several other investment houses already operating in these sectors
• NOTE: Feb. 12, Altshuler Shaham Buys Psagot Investment House for 910m Shekels

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Alisa Odenheimer in Jerusalem at aodenheimer@bloomberg.net

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Shaji Mathew at shajimathew@bloomberg.net

Sid Verma

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