Delek Group, which holds major shares in numerous newfound gas fields in the eastern Mediterranean, is looking to sell off most of its non-energy holdings as it considers issuing its shares for trading on the London Stock Exchange in addition to its Tel Aviv listing.

The company said it entered a binding agreement with the European infrastructure fund and the closing is expected to take place by the end of the month.

Delek said it would post a capital gain of 220 million shekels ($61 million) from the sale.

(Reporting by Ari Rabinovitch)