mentor
- 07 Feb 2017 10:57
- 91 of 91
I just realised that sometime back I was speculating about the Takeover by - Delek
mentor - 21 Aug 2016 21:33 - 76 of 90 edit this post
Speculation that Delek will again try to bid for the company
Delek's recent Asset Sales:
17th Feb: Attempting to sell Phoenix Holdings.
19th April: Completion of Sale Republic Companies Inc ($140m USD)
31st July: Raised 1,112,000 NIS = Circa $300m USD
17th August: Sale of Tamin & Karish leases sold to Energan ($148.5m USD) Delek's Share 52.94 = $78.61 USD
17th August: Signing of Agreement Sale of Power Station Ashkalon 200m NIS = circa $53m USD
Delek seems to be off loading assets building up its reserves
Is this the plan to launch a takeover?