Barak Capital Acquires Significant Stake in Bank Hapoalim for 36.54M Shekels
Barak Capital acquired 480,000 shares of Bank Hapoalim for 36.54 million shekels, raising its total stake to 2.46 percent valued at roughly 2.39 billion shekels.
Bank Hapoalim announced to the Tel Aviv Stock Exchange that Barak Capital acquired 480,000 shares of Bank Hapoalim for approximately 36.54 million shekels, becoming a holder of substantial control means in the lender.
Following the transaction executed on October 23, 2026, the group holds approximately 32.91 million shares, representing 2.46 percent of the share capital and 2.52 percent of the voting rights. The controlling shareholders of Barak Capital are Eyal and Ronit Bakshi.
Market data indicates that Bank Hapoalim's market capitalization stands at approximately 97.05 billion shekels. Based on current market valuation, the group's total holdings are valued at roughly 2.39 billion shekels, while calculations using the latest transaction price put the stake value at approximately 2.5 billion shekels.
Barak Capital is a private trading group specializing in securities, derivatives, and financial instruments in domestic and international markets, focusing heavily on nostro trading activities. Company representatives noted that the regulatory filing does not indicate whether the group plans to further increase its stake in the bank.
