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Delek Group Buying Shares in Foreign Energy Companies

Source: www.gulfoilandgas.com 12/3/2014, Location: Middle East

Delek Group has announced that as part of its strategy to focus on the energy field, with a special emphasis on identifying new international opportunities, it has recently started to make purchases of financial assets in the energy field, the Company's core area today. The financial assets acquired are the shares of foreign companies that operate in the gas and oil field, in an overall amount of about NIS 680 million.

It is the Company's intention to continue to purchase such financial assets using both bank credit and the Company's own resources, and as and when the Company achieves significant holdings in any of these companies, it will report this as required.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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