Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

DELEK GROUP LTD. (DLEKG)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

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
0
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.

Contact

Dalia Black / Dina Vince
Investor Relations
Delek Group
Tel: +972 9 863 8444
Email: [email protected]

Ehud Helft / Kenny Green
International Investor Relations
CCG Investor Relations
Tel: (US) 1 646 201 9246
E-mail: [email protected]


distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DELEK GROUP LTD.
04/18NOBLE ENERGY : How Noble Energy came to Israel and transformed the Middle East
AQ
04/17Delek Group - Amendment of Full Exchange Tender Offer Specification
AQ
04/09Delek improves offer for Delek Energy, extends deadline
AQ
04/09DELEK : Sale of Company's Equity in Faroe Petroleum PLC
AQ
04/06DNO buys minority stake in Faroe Petroleum
AQ
04/05DNO acquires stake in Faroe Petroleum
AQ
04/05FAROE PETROLEUM : Norway's DNO raises Faroe Petroleum stake to over 25%
AQ
04/05Norway's DNO again raises Faroe stake, holds 27.7 percent
RE
04/05DNO buys minority stake in Faroe Petroleum
AQ
04/05FAROE PETROLEUM : shares surge on 'significant' find
AQ
More news
News from SeekingAlpha
03/28Delek Group reports FY results 
2017Top Financial Services Gains For Capitala, CM, Medley M, Alcentra, & KCAP In .. 
2017Delek Group reports Q3 results 
2017Financial Services Brokers See Big Gains For Capitala, Alcentra, Medley, And .. 
201710%+ Yield Dividend Dogs Lapped By CenturyLink Target Gains For November 2018 
Financials ( ILS)
Sales 2018 6 707 M
EBIT 2018 1 527 M
Net income 2018 559 M
Finance 2018 10 207 M
Yield 2018 10,5%
P/E ratio 2018 15,78
P/E ratio 2019 11,07
EV / Sales 2018 -0,51x
EV / Sales 2019 -0,30x
Capitalization 6 813 M
Chart DELEK GROUP LTD.
Duration : Period :
Delek Group Ltd. Technical Analysis Chart | DLEKG | IL0010841281 | 4-Traders
Technical analysis trends DELEK GROUP LTD.
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Average target price 717  ILS
Spread / Average Target 26%
EPS Revisions
Managers
NameTitle
Joseph Asaf Bartfeld President & Chief Executive Officer
Gabriel Last Chairman
Barak Mashraki Chief Financial Officer & Executive Vice President
Avraham Harel Director
Carmit Elroy Director
Sector and Competitors
1st jan.Capitalization (M$)
DELEK GROUP LTD.1.30%1 933
EXXON MOBIL CORPORATION-5.05%334 627
BP-0.86%144 786
CHINA PETROLEUM & CHEMICAL CORP11.42%128 002
RELIANCE INDUSTRIES1.08%88 798
SUNCOR ENERGY INC.5.74%62 633