Menora Mivtachim’s $27.1 Million Capital Raising


Gornitzky represented Menora Mivtachim Insurance Ltd. in connection with two institutional bodies – third parties that are not connected to the Menora group – in a deferred liabilities deed, according to which Menora will be granted an amount of NIS 100 million, in return for recognition as complex secondary capital of Menora Insurance, in accordance with the confirmation of the Director of Capital Market, Insurance and Savings Department.

Menora Mivtachim Insurance Ltd. provides life, health, general, property, business, and pension insurance solutions for private customers and institutional entities in Israel.

Menora Mivtachim Insurance Ltd. was represented by Sharon Werker Sagy (Picture).

Involved fees earner: Sharon Werker-Sagy – Gornitzky & Co.;

Law Firms: Gornitzky & Co.;

Clients: Menora Mivtachim Holdings Ltd. ;