Tel Aviva stock market-listed Meitav Investment House has acquired full ownership of Lotus Investment Group, one of the first construction lenders active here after the financial crisis. The stock market-listed firm already had a controlling stake in Dublin-based Lotus Investment. Lotus set up here in 2013 as a non-bank lender to the development and construction sector at a time when banks were exiting the sector or unable to lend. Lotus said it has a strong lending pipeline and also has plans to raise additional private and/or public capital in the coming years. It has now acquired full ownership of the platform other than stock options held by management.

Source: Irish Independent July 08, 2023 02:04 UTC