Migdal invests in real estate co Guy & Doron Levy
Insurance company Migdal is buying 14% of the company at a post-money valuation of NIS 2.325 billion
Assessment
Migdal is taking a significant stake in a real estate firm, signaling a bet on the sector's growth. The deal values Guy & Doron Levy at over NIS 2.3 billion, a notable price point. Watch for whether institutional money continues flowing into Israeli property through such strategic minority investments.