Connect with us

Hi, what are you looking for?

Jewish Business News


Delek Listing on London Stock Exchange Likely

delek logo

Delek is considering a dual listing on the London Stock Exchange in addition to its listing in Tel Aviv. The company was also mulling over splitting itself into two companies, with the oil and gas part of the business separate from the financial and insurance portion. Delek’s chief executive, Asaf Bartfeld, said “We are very pleased that our strategy to move our group’s full focus on the oil and gas exploration and production assets is happening ahead of schedule. In light of this success, we are considering the possibility of dual listing Delek Group’s shares on the primary market of the New York Stock Exchange.”

Delek, owned by Israeli billionaire Yitzhak Tshuva, developed the natural gas field called Tamar with 11 trillion cubic feet of estimated reserves. However, the company reported a significant loss in the second quarter due to write downs, but management said this is a short-term issue. The write down caused Delek to lose $168 million in the last quarter. Delek is also reportedly in talks to sell Roadchef, one of Britain’s most popular roadside service businesses.


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...


Now Platika joins and elite club of $10 billion plus Israeli firms.