Delek Israel proposes merger with Shufersal

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Delek Israel, managed by Lahav LR Serious Estate Ltd. (TASE: LAHAV) and Uri Mantzur has proposed a merger deal 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 managing main.

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Delek Israel has available a share swap deal in which it would get a 20% stake in Shufersal, which would make it the retail chain’s major shareholder but not its managing shareholder. Lahav LR True Estate Ltd. has a 40% stake in Delek Israel, Uri Mantzur (35%), and Delek Team Ltd. (TASE:DLEKG) (25%).

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Associated Articles

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Delek Israel operates 243 gas station all-around Israel and 203 Menta convenient outlets and Cup “O” Joe cafes. Past calendar year Lahav LR and Uri Mantzur acquired 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 ahead then the IPO will be cancelled.

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Released by Globes, Israel organization information – en.globes.co.il – on April 5, 2022.

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