DELEK GROUP LTD. | Update on the Sale of Control in the Phoenix Holdings | ||
Tel Aviv, December 15, 2014. Delek Group (TASE: DLEKG, OTCQX: DGRLY) ("the Company") further to the immediate report dated July 6, 2014 (Reference No. 2014-01-107010) with regard to the signing of a non-binding memorandum of understanding for the sale of control in Phoenix Holdings Ltd., the Company announced that the parties to the memorandum of understanding did not reach an understanding for entering into a binding agreement. The Company is evaluating and advancing further options for the sale of its shares in Phoenix Holdings Limited. This is a convenience translation of the summary of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on December 14, 2014.
The Delek Group, Israel's dominant integrated energy company, is the pioneering leader of the natural gas exploration and production activities that are transforming the Eastern Mediterranean's Levant Basin into one of the energy industry's most promising emerging regions. Having discovered Tamar and Leviathan, two of the world's largest natural gas finds since 2000, Delek and its partners are now developing a balanced, world-class portfolio of exploration, development and production assets with total gross natural gas resources discovered since 2009 of approximately 40 TCF. In addition, Delek Group has a number of assets in downstream energy, water desalination, and in the finance sector. For more information on Delek Group please visit www.delek-group.com Contact
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