|
|
Article: Delek Petroleum sells Amisragas stake: The sale of 39% in the firm was made at a value of $173 million for Amisragas.
- Article from:
- Globes
- Article date:
- September 23, 2007
CopyrightCOPYRIGHT 2007 Globes. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: and Erez Wollberg
Sep. 23--Delek Petroleum Ltd., a subsidiary of Delek Group Ltd. (TASE: DLEKG), controlled by Yitzhak Tshuva, has sold its 39 percent stake in Amisragas (American Israeli Gas Corporation Ltd.) for $67.5 million to its partners, the Paradis family. The sale was made at a company value of $173 million for Amisragas, Israel's second largest gas distribution company.
Delek Group expects to report a pretax capital gain of NIS 125-135 million on the sale.
In August, sources informed "Globes" that relations between Amisragas's shareholders Delek Israel Fuel Corporation Ltd. (TASE: DLKIS), and the Paradis family of the US, ...