Delek Israel, managed by Lahav LR Actual Property Ltd. (TASE: LAHAV) and Uri Mantzur has proposed a merger cope with Shufersal Ltd. (TASE:SAE), Israel’s largest grocery store chain, which is traded at a market cap of NIS 7.4 billion and has no controlling core.
Delek Israel has provided a share swap deal during which it could obtain a 20% stake in Shufersal, which might make it the retail chain’s largest shareholder however not its controlling shareholder. Lahav LR Actual Property Ltd. has a 40% stake in Delek Israel, Uri Mantzur (35%), and Delek Group Ltd. (TASE:DLEKG) (25%).
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Delek Israel operates 243 gasoline station round Israel and 203 Menta handy shops and Cup “O” Joe cafes. Final yr Lahav LR and Uri Mantzur purchased management of Delek Israel and had filed a prospectus for an IPO on the TASE at an estimated firm valuation of NIS 1.5 billion. But when the Shufersal merger goes forward then the IPO shall be cancelled.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on April 5, 2022.
© Copyright of Globes Writer Itonut (1983) Ltd., 2022.
