Phoenix Holdings and Investment Arm Phoenix Investment House Announce the Purchase of Asset Management Activities with NIS 25 Billion Under Management

TEL AVIV, Israel--(BUSINESS WIRE)--Phoenix Holdings Ltd., a leading Israel-based financial, insurance, and investment group (TASE: PHOE) (“The Phoenix”, the “Group”, or the “Company”), together with its asset management arm Phoenix Investment House (formerly “Excellence Investment House”), today reported that they have entered into an agreement to purchase selected activities from Psagot Investment House. Avner Haddad, CEO of Phoenix Investment House commented: “The acquisition of these selecte