It was only just a dream
Chinese conglomerate Fosun has pulled out of its plans to buy a controlling stake (52%) in Israeli insurer Phoenix Holdings for $460 million. A setback for Israel’s largest energy company Delek Group, which owns the insurance unit, and is looking to focus on its core business. Did you know? Delek Group was once at the negotiation table with Kushner Funding LLC. If the name ‘Kushner’ rings a bell, it should. Think: Oscar‘s cofounder Josh Kushner. Bottom Line: Related.