The Wertheim family yesterday received regulatory approval to increase their stake in Bank Mizrahi to 26%, Ma'ariv reports.

Supervisor of Banks Yitzhak Tal yesterday approved the deal, in which the Wertheims are buying out 12.5% of the bank's equity held by the heirs of Abe Feinberg, Yehuda Sharoni reports.

The Wertheims are paying NIS 330 million, mostly borrowed from the banks. The transaction evaluates the bank at 85% of its shareholders equity.

The negotiations behind the deal lasted almost a year, since the Wertheimers agreed to buy the heirs of Abe Feinberg's holdings in the bank.

Yuli and Sammy Ofer also hold 26% of the bank's shareholders capital.