Delek mulls unit sale

Source:Reuters Published: 2013-2-18 23:08:01

Israeli real estate, energy and insurance conglomerate Delek Group is examining the sale of all or part of its European unit, it said Monday.

It said in a statement to the Tel Aviv Stock Exchange that third parties could submit bids to buy Delek Europe BV and then Delek will explore the possibility of starting talks with some or all of them.

It noted it was not certain bids would be accepted.

Delek did not provide further information in the wake of a report in the Calcalist financial daily that the company was in talks to sell its European operations for 800 million euros ($1.06 billion).

Agencies



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