Inactive Instrument

Delek Group Ltd. TEL AVIV STOCK EXCHANGE

Equities

IL0010841281

Oil & Gas Exploration and Production

Delek : Israel's Delek Group sells Faroe stake for 70 million pounds

April 04, 2018 at 03:09 am EDT

TEL AVIV (Reuters) - Israeli energy firm Delek Group (>> Delek Group Ltd.) said on Wednesday it agreed to sell its entire 15.3 percent stake in Faroe Petroleum PLC (>> Faroe Petroleum plc) for 70.44 million pounds in cash.

TEL AVIV (Reuters) - Israeli energy firm Delek Group said on Wednesday it agreed to sell its entire 15.3 percent stake in Faroe Petroleum PLC for 70.44 million pounds in cash.

Delek said in a statement the deal will close within two business days. It did not name the buyer.

Delek will make a profit of 116 million shekels (£23.3 million) from the sale, of which 73 million shekels will be recorded in its 2018 financial results and the rest in 2017.

Faroe is an oil and gas exploration and production company operating in the North Sea.

(Reporting by Tova Cohen, reporting by Louise Heavens)

Stocks treated in this article : Faroe Petroleum plc, Delek Group Ltd.

Latest news about Delek Group Ltd.

Eni, Ithaca Energy to Create UK Continental Shelf Powerhouse Via Merger of Assets	Apr. 24	MT
Ithaca Energy PLC Announces Combination with Eni UK For Consideration Shares Worth C. £754 Million	Apr. 23	RE
Delek Logistics Partners Planning $200 Million Offering of Additional 8.625% Notes Due 2029	Apr. 12	MT
Ithaca Energy 2023 profit slides as UK windfall tax weighs	Mar. 27	RE
Delek Group Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 27	CI
North American Morning Briefing : Markets on Hold -2-	Mar. 20	DJ
BP, Adnoc Put $2 Billion Offer for Israel's NewMed On Hold Due to Regional Uncertainty -- Update	Mar. 13	DJ
BP, Adnoc $2 Billion Offer for Israel's NewMed Put on Hold Due to Regional Uncertainty	Mar. 13	DJ
Israel's NewMed says BP, ADNOC buy-in offer on hold	Mar. 13	RE
BP Exploration Operating Company Limited and Abu Dhabi National Oil Company cancelled the acquisition of NewMed Energy - Limited Partnership (TASE : NWMD) from Delek Group Ltd..	Mar. 12	CI
Delek Logistics Partners Closes $132.5 Million Underwritten Public Offering of Units	Mar. 12	MT
Sector Update: Energy Stocks Edge Higher Premarket Friday	Mar. 08	MT
Sector Update: Energy	Mar. 08	MT
Delek Logistics Partners Prices Offering of Common Units	Mar. 08	MT
Delek Logistics Partners Plans to Sell $120 Million Common Units; Shares Slump After Hours	Mar. 07	MT
Delek Logistics Partners Plans $550 Million Senior Notes Offering	Feb. 28	MT
Delek Logistics Partners' Q4 Earnings, Revenue Decline	Feb. 27	MT
Delek US Holdings' Q4 Swings to Adjusted Loss as Revenue Decreases	Feb. 27	MT
Earnings Flash (DKL) DELEK LOGISTICS PARTNERS LP Reports Q4 Revenue $254.1M	Feb. 27	MT
Earnings Flash (DKL) DELEK US HOLDINGS Reports Q4 Revenue $4.05B	Feb. 27	MT
North American Morning Briefing : Stock Futures -2-	Feb. 27	DJ
Delek US Holdings Lifts Quarterly Dividend by $0.005/Share to $0.245/Share, Payable March 8 to Holders of Record on March 1	Feb. 21	MT
New York pension fund further restricts investments in Exxon, other oil companies	Feb. 15	RE
UK's Ithaca Energy estimates 2023 adjusted earnings at $1.7 billion	Feb. 15	RE
US Energy Department selects Delek's refinery for pilot carbon capture project	Feb. 02	RE

Chart Delek Group Ltd.

Duration

Period

More charts

Company Profile

Delek Group Ltd is an Israel-based holding company. The Company operates mainly through investees engaged in oil and gas exploration and production in Israel and abroad. I addition, the Company holds 25% of Delek Israel and Delek Israel properties, which operate in the gas stations, convenience stores and real estate properties segments. The Group operates in two business segments such as; Oil and gas operations in and around Israel - carried out mainly through NewMed Energy Limited Partnership which is mainly engaged in the exploration, development, production and marketing of natural gas condensate and oil in Israel and Cyprus; Oil and gas operations in the North Sea which is carried out through Energy Plc dealing in oil and gas exploration, production and sale in the North Sea, and holding the rights to oil assets located in the North Sea in territorial waters off the coast of England. The Company operates worldwide.

Sector

Oil & Gas Exploration and Production

Calendar

2024-05-29 - Q1 2024 Earnings Release (Projected)

More about the company

Sector Other Oil & Gas Exploration and Production

	1st Jan change	Capi.
CHEVRON CORPORATION	+11.22%	306B
CONOCOPHILLIPS	+12.21%	153B
CNOOC LIMITED	+51.38%	124B
CANADIAN NATURAL RESOURCES LIMITED	+22.70%	83.43B
EOG RESOURCES, INC.	+12.20%	78.06B
PIONEER NATURAL RESOURCES COMPANY	+19.56%	62.81B
OCCIDENTAL PETROLEUM CORPORATION	+13.52%	60.08B
HESS CORPORATION	+12.74%	49.91B
DIAMONDBACK ENERGY, INC.	+33.97%	37.05B

Other Oil & Gas Exploration and Production