The story
Mivtach Shamir Holdings was founded in 1958 as Attas Industries Halva, Tahini, and Sweets, a privately held food production manufacturing company. Attas was listed on the Tel Aviv Stock Exchange in 1983. Meir Shamir acquired a controlling share in the company, initiated a corporate restructuring, and expanded operations into the insurance and pension fund management sectors. The name of the company was changed from Attas Industries to Mivtach Shamir Holdings.
In 1999, the company acquired a 10% stake in Zen Media, an internet company. In 2001, the company sold 55.1% of Mivtach Shamir Finance to The Migdal Group for 68 million NIS.
In January 2008, Mivtach Shamir, together with Apax Partners, acquired a controlling interest in the Tnuva Group. On March 30, 2015, Mivtach announced the sale of Tnuva Food Industries Ltd. to the Chinese company Bright Food. The deal was reported to have been worth NIS 1.1 billion.
From Wikipedia’s article on Mivtach Shamir Holdings, shared under CC BY-SA 4.0.5