Investec General Bank is negotiating to acquire the control in publicly traded brokerage DS Securities & Investments, a member of the Shrem Fudim Kelner group, reports Ma'ariv.

The deal could be carried out at a company value of $20 million.

DS Securities manages investment portfolios and mutual funds totaling some NIS 5 billion. Investec manages assets and investments worth some NIS 1 billion.

Investec is planning to expand its activity in investments management and become one of the leading brokerage firms in the local market.

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The most plausible scenario is the acquisition of SFK's entire stake in DS Securities (36%), and a cash infusion into the acquired company.