Delek Israel proposes merger with Shufersal
Delek Israel, controlled by Lahav LR Real 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 industry cap of NIS 7.4 billion and has no controlling main.

Delek Israel has available a share swap deal in which it would receive a 20% stake in Shufersal, which would make it the retail chain’s most significant shareholder but not its controlling shareholder. Lahav LR Serious 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 fuel station close to Israel and 203 Menta effortless merchants and Cup “O” Joe cafes. Final year Lahav LR and Uri Mantzur acquired manage of Delek Israel and experienced submitted a prospectus for an IPO on the TASE at an believed enterprise valuation of NIS 1.5 billion. But if the Shufersal merger goes in advance then the IPO will be cancelled.

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

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.


