Alrov Real Estate, which owns about 15% of Clal Insurance’s shares, is asking the court to oblige the company and its managers to hand over for review documents related to the procedures concerning the approval of the purchase of the MAX credit card company. Among other things, they include minutes of board meetings, e-mail correspondence, correspondence From various applications (Assamas messages, WhatsApp), which were exchanged by company officers, among themselves and with third parties, including representatives of the controlling owner of MAX, and including the final agreement that was signed.
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Alrov focuses on a number of events: contact with the seller in the Max transaction, the list of all the external consultants who participated in the negotiation process and the drafting of the agreements, Clal’s positions regarding the demands and inquiries that Elrov sent to the Clal board of directors regarding the Max purchase transaction, correspondence that preceded the approval of the Max transaction by the Clal board of directors, the coordination of the board meeting called for July 28, as well as the minutes of a preliminary meeting of a limited forum of the company’s board of directors which was reported by the resigning external director Sami Moalem.