Menora Mivtachim Holdings Ltd (TASE : MMHD) made a bid to acquire a 32% stake in Isracard Ltd. (TASE : ISCD) for approximately ILS 980 million on February 5, 2023. Menora Mivtachim offered ILS 15.34 per share for each share of Isracard. As of February 16, 2023.

Insurance and finance company Menora Mivtachim (TASE: MMHD) notified the Tel Aviv Stock Exchange (TASE) yesterday that it has improved its offer for Israel's largest credit card company Isracard (TASE: ISCD). Menora Mivtachim has raised its offer to ILS15.98 per share, a 19% premium on the company'sshare price, for a controlling core stake of 32%, at a company valuation of ILS 3.2 billion.