McDonald's? Rapaport also wants Cal. And Shnidman and Bank of Jerusalem in the race

Bank Discount was stunned by the extent of interest in the sale of Cal following the collapse of the deal with Horesh and Harel. Assaf Rapaport and the founders of Wiz, the Direct Insurance group of Muki and Doron Shnidman, Delek Automotive, Centerbridge, Bank of Jerusalem, and Galatin are considering a purchase. Horesh is willing to reduce to minority holdings. Discount is preparing for a new tender.

Bank Discount was stunned by the extent of interest generated by the sale of credit card company Cal, following the collapse of the deal with George Horesh and Harel. Calcalist has learned of two new parties examining the purchase: Assaf Rapaport and the other founders of Wiz, who are close to receiving the McDonald's franchise in Israel, and the Direct Insurance group of Muki and Doron Shnidman. Their representatives have spoken with Discount officials. Additionally, Delek Automotive of Gil Agmon is examining the purchase of 50%-55% of Cal shares, Centerbridge fund is expected to submit a bid, and Bank of Jerusalem and Galatin fund are also interested. Galatin and Agmon may submit a joint bid of about NIS 3.4 billion. Meanwhile, Horesh is not giving up on the deal and is willing to reduce to minority holdings alongside another party. The deadline for meeting the conditions precedent for him is November 1. Discount is preparing to hold a new tender. The article analyzes the reasons for the high interest: a lower price, timing after October 7, Cal's advanced technological infrastructure, and the lack of other large financial assets for sale.