The Phoenix Holdings Ltd. (TASE:PHOE) is looking for acquisitions. During the company?s financial review for the second quarter of 2023, Eyal Ben Simon, Chief Executive Officer said that ?and fourth, we're increasingly deploying capital effectively against our priorities to reduce volatility and generate higher returns. We manage each of these value drivers across the group's activities.

This strategy aims to create value with several catalysts, growing income and shifting the mix towards fee-based income, expanding margins and deepening competitive advantage, executing M&As and unlocking value across the group, and driving cash flow and excess returns?. ?Going forward, we continue to focus on resilience, growth and value creation. We continue to focus on execution and are positioned well for market volatility with a strong balance sheet and very good liquidity.

We're assessing opportunities and can make acquisitions if they have a good strategic and economic fit. We continue to invest in capabilities as part of the strategy and at the same time, are focusing on efficiency across our activities?. ?And we're always looking for possible acquisitions that are attractive financially and strategically.

And we believe that once those opportunities will come, we'll be there to execute?.