The Phoenix becomes party at interest in Teva

At the end of 2023, Israeli insurance and finance group The Phoenix Holdings’ stake in Teva was 5.4%.

Insurance and finance group The Phoenix Holdings (TASE: PHOE) has become a party at interest in Teva Pharmaceutical Industries (TASE: TEVA; NYSE: TEVA). The Phoenix had a holding of 5.4% in Teva at the end of 2023, today’s company filing with the US Securities and Exchange Commission (SEC) reveals.

The Phoenix holds 60.5 million shares in Teva, currently worth $732 million. According to the filing, The Phoenix holds the shares through several subsidiaries. As a passive investor, The Phoenix is not obliged to report when it bought the shares and at what prices. Teva’s share price ranged between $7.2 and $11.4 in 2023. The current price is $12.38, giving the company a market cap of $13.9 billion.


Teva to sell API activity, beats analysts on Q4

The Phoenix is currently the only party at interest in Teva (ie, has a holding of 5% or more). In recent years, parties at interest in the company were mainly overseas entities. Until not long ago, US investment company Capital Research was the largest shareholder in Teva, with a holding of 10.3%, but it sold all of its Teva shares in April-May 2023.

Published by Globes, Israel business news – – on February 1, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

Teva’s R&D labs in Netanya credit: Teva PR

Maya Levin and Shiri Habib-Valdhorn



The post The Phoenix becomes party at interest in Teva first appeared on


Online gig site Remotasks exits Kenya |

Read More | Technology Online gig site Remotasks exits Kenya Wednesday March 13 2024 President William Ruto in Mosop, Nandi County for the official upgrading of Kaiboi Technical Training Institute to a National Polytechnic and opening of Jitume ICT Hub on January 16, 2024. PHOTO | COURTESY An online working platform Remotasks, which allows users […]

Borroe Finance’s growth ambitions high; Ethereum probe raises ETF delay concerns |

Read More | Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Borroe Finance has emerged as a pioneering force in CrossFi, offering an AI-powered funding marketplace for Web3 businesses and creators. There is a big challenge that many crypto companies face, regulation […]