Israel Discount Bank Limited agreed to acquire remaining 49.90% stake in Paybox Ltd. from Shufersal Ltd for ILS 77 million.

Israel Discount Bank Limited (TASE:DSCT) agreed to acquire remaining 49.90% stake in Paybox Ltd. from Shufersal Ltd (TASE:SAE) for ILS 77 million on June 16, 2024. PayBox Ltd. (?PayBox?), constituting 49.9% of PayBox?s issued share capital, as well as the capital notes and subordinated debentures granted to PayBox by Shufersal, for a total consideration of ILS 77 million linked to the Consumer Price Index from the date of signing the agreement. The transaction is approved by the board of Israel Discount Bank.

The completion of the deal is subject to regulatory approvals.