Harel Insurance Investments & Financial Services Ltd (TASE:HARL) signed memorandum of understanding to acquire Shirbit Insurance Co Ltd. on May 5, 2021. Post completion, Shirbit Insurance Co Ltd. will apparently continue to operate independently. The transaction is subject to regulatory approval and satisfactory due diligence.

Harel Insurance Investments & Financial Services Ltd (TASE:HARL) completed the acquisition of Shirbit Insurance Co Ltd. on November 30, 2021. On July 20, 2021, Harel Insurance signed an agreement with Shirbit, according to which, subject to satisfying suspensive conditions, Harel Insurance will acquire the insurance activity of Shirbit in consideration of approximately ILS 100 million.