Phoenix, Fosun Group Near An Agreement

June 17, 2015 | Phoenix Holdings is set to be sold to the Chinese investment group Fosun Group for an undisclosed amount. While the parties have already agreed on a price, there are still a number of disagreements, “Globes” reports, between Yitzhak Tshuva’s Delek Group and the Chinese buyer. Phoenix Holdings integrates the operations of the Phoenix Insurance Company and Phoenix Investments and Finances, remaining one of Israel’s leading financial institutions.