Delek Israel, controlled by Lahav LR Genuine Estate Ltd. (TASE: LAHAV) and Uri Mantzur has proposed a merger offer with Shufersal Ltd. (TASE:SAE), Israel’s largest supermarket chain, which is traded at a sector cap of NIS 7.4 billion and has no controlling core.

Delek Israel has supplied a share swap offer in which it would get a 20% stake in Shufersal, which would make it the retail chain’s most significant shareholder but not its controlling shareholder. Lahav LR Actual Estate 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 gas station all around Israel and 203 Menta practical merchants and Cup “O” Joe cafes. Past yr Lahav LR and Uri Mantzur purchased regulate of Delek Israel and experienced submitted a prospectus for an IPO on the TASE at an estimated firm valuation of NIS 1.5 billion. But if the Shufersal merger goes in advance then the IPO will be cancelled.

Printed by Globes, Israel business enterprise information – en.globes.co.il – on April 5, 2022.

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