Leumi Partners Acquires 20% of Delek Israel Ahead of Planned IPO
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Calcalist · 5 hours ago
What happened
Leumi Partners has bought a 20% stake in Delek Israel for 213 million shekels, valuing the company at 850 million shekels, as a step toward Delek Israel's planned IPO. This follows Leumi Partners' recent acquisition of a 20% stake in HOT Mobile, alongside Delek Israel and Keystone fund. The deal supports financing for HOT Mobile and aims to create synergies between Delek Israel's fuel and retail operations and HOT Mobile's telecom business.
- 01Leumi Partners acquires 20% of Delek Israel for 213 million shekels, valuing it at 850 million shekels.
- 02The deal follows Leumi Partners' recent purchase of 20% of HOT Mobile for 1.2 billion shekels.
- 03Delek Israel and Keystone fund each hold 40% of HOT Mobile; Leumi Partners holds 20%.
- 04The investment helps finance Delek Israel's share in HOT Mobile and prepares for Delek Israel's IPO.
- 05Delek Israel operates 240 fuel stations and owns retail chains like Burger King and Cafe Joe.
- 06HOT Mobile acquisition expected to create synergies in telecom and retail sectors for Delek Israel.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
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