Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  TEL AVIV STOCK EXCHANGE  >  Delek Group Ltd.    DLEKG   IL0010841281

Delayed Quote. Delayed  - 10/20 01:24:11 pm
77600 ILa   -0.77%
10/19 Delek US moves to buy Alon USA
10/19 Krotz Springs refinery may be part of $300 million acquisition
10/18 ALON USA ENERGY : ALJ) Files An 8-K
News SummaryMost relevantAll newsSector news 

Delek Group Ltd. : Update With Regard to the Possibility of Selling Delek Europe in Light of the Submission of the Full Tender Offer for Delek Israel

share with twitter share with LinkedIn share with facebook
share via e-mail
04/09/2013 | 03:57pm CEST
Update With Regard to the Possibility of Selling Delek Europe in Light of the Submission of the Full Tender Offer for Delek Israel

Tel Aviv, April 09, 2013. Delek Group (TASE: DLEKG, OTCQX: DGRLY) announced that Delek Petroleum Ltd. ("Delek Petroleum"), the Company's fully owned subsidiary, released today, April 9, 2013, a full tender offer for NIS 1 ordinary shares of Delek, the Israeli Fuel Company, Ltd. ("Delek Israel"). Further to section 1.26.1 of the Period Report for 2012, dated March 24, 2013 (Ref: 2013-01-016789), and further to the immediate report dated February 18, 2013 (Ref: 2013-01-041460) with regard to the possibility of selling part or all of the Company's holdings, directly or indirectly, in the foreign subsidiary Delek Europe BV that is also held indirectly by Delek Israel ("Delek Europe"), the Company is pleased to provide an update as follows:

In the scope of the process to sell Delek Petroleum's holdings in Delek Europe, which is in advanced stages, the Company has received from international companies during the past week, a number of non-binding preliminary bids (Indicative Offers) for the acquisition of the entire holdings of Delek Petroleum in Delek Europe, directly or indirectly. .

It is noted that these offers are preliminary proposals, and are not binding to the bidder nor Delek Petroleum, and are subject to, among others, preconditions, due diligence and the completion of information and may be used as a basis for negotiations . Delek Petroleum will review these offers, as mentioned above, and is expected to invite certain bidders for an additional stage of discussion and disclosure of information prior to receiving any binding offers.

Delek Petroleum will explore the possibility of negotiation with those bidders whose proposals reflects an enterprise value of Delek Europe of approximately EUR 800 million, subject to any adjustment that may be determined by the parties . At this early stage, it is not possible to estimate what will be the final value of the transaction when completed, when it will be completed and what the chances are for its completion.

Forward-looking statement: The above information with regard to the received bids and the offered prices, and about the possibility of negotiating with those bidders who have submitted offers as mentioned above, are forward-looking statements as defined in section 32A of the Securities Law, under which there is no certainty that it will materialize, in whole or in part, and which may materialize substantially differently, and there is no assurance that a binding agreement will be signed and in what value.

This is a convenience translation of the recent HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on April 09, 2013.

About The Delek Group

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 33 TCF .

In addition, Delek has built an extensive network of global downstream assets, including 1,900 gas stations and convenience stores in the U.S., Europe and Israel, and petroleum refineries in the U.S. Delek also holds significant interests in leading water desalination, power generation, insurance and automotive companies .

In 2012, the Company's revenues were NIS 72 billion ($ 19 billion). Delek Group's shares are traded on the Tel Aviv Stock Exchange (TASE: DLEKG) as part of the TA25 Index.


Dalia Black / Dina Vince
Investor Relations
Delek Group
Tel: +972 9 863 8444
Email: investor@delek-group.com

Ehud Helft / Kenny Green
International Investor Relations
CCG Investor Relations
Tel: (US) 1 646 201 9246
E-mail: delek-group-ir@ccgisrael.com

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on DELEK GROUP LTD.
10/19 Delek US moves to buy Alon USA
10/19 Krotz Springs refinery may be part of $300 million acquisition
10/18 ALON USA ENERGY, INC. (NYSE : ALJ) Files An 8-K
09/26 DELEK : Signing of an Agreement for Export of Natural Gas from the Leviathan Pro..
09/16 DELEK : Update concerning the Kraken Field
09/16 ENQUEST : attempt to sell share scuttled as talks falter
09/16 ENQUEST : shares fall as oil field sale talks fail
09/15 Delek US and Delek Logistics Announce CFO Transition Plan
09/15 DELEK : Update concerning the Kraken Field
09/15 DELEK : EnQuest, Delek Group end Kraken oilfield stake sale talks
More news
Sector news : Oil & Gas Refining and Marketing - NEC
10/20DJSantos Quarterly Revenue Lifted by Higher LNG Volumes
10/19 EXXON MOBIL : Oil up over 2 percent; U.S. crude at 15-month high on big drawdown
10/19 Financials and energy stocks help FTSE to end higher
10/18 Wells Fargo ex-CEO John Stumpf resigns from Chevron, Target boards
10/18DJJohn Stumpf Resigns From Boards of Target and Chevron -- Update
More sector news : Oil & Gas Refining and Marketing - NEC
News from SeekingAlpha
09/26 Noble Energy, partners sign Leviathan gas export deal with Jordan
08/31 BLOOMBERG : Delek considering New York, London for energy IPO
08/30 Delek Group's (DGRLY) CEO Asi Bartfeld on Q2 2016 Results - Earnings Call Tra..
08/30 Delek Group reports Q2 results
07/18 Delek buys stake in U.K. oil field as it seeks growth outside Israel
Financials ( ILS)
Sales 2016 6 257 M
EBIT 2016 1 071 M
Net income 2016 324 M
Finance 2016 16 517 M
Yield 2016 4,27%
P/E ratio 2016 44,36
P/E ratio 2017 29,65
EV / Sales 2016 -1,14x
EV / Sales 2017 -0,99x
Capitalization 9 371 M
More Financials
Duration : Period :
Delek Group Ltd. Technical Analysis Chart | DLEKG | IL0010841281 | 4-Traders
Full-screen chart
Technical analysis trends DELEK GROUP LTD.
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 931  ILS
Spread / Average Target 19%
Consensus details
EPS Revisions
More Estimates Revisions
Asaf Joseph Bartfeld Chief Executive Officer
Gabriel Last Chairman
Barak Mashraki Chief Financial Officer & Executive Vice President
Avraham Harel Director
Carmit Elroy Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
DELEK GROUP LTD.0.76%2 445
ROYAL DUTCH SHELL A10.33%211 344
BP PLC38.46%114 010
More Results