Delek Europe’s Offer to Acquire BP Stations in France Accepted
Tel Aviv - Delek Group (TASE: DLEKG) (hereinafter: ‘the Company’) Following the immediate report 4th February 2010 (immediate report 2010-01-374796) (hereinafter “immediate report”), the Company informs that its subsidiary company Delek Europe B.V. (hereinafter “Delek Europe”) reported that BP France SA (hereinafter “BP”) gave notice on 18th June 2010 of acceptance of Delek Europe’s proposal to acquire its retail fuels and convenience business in France.
Since acceptance the parties have been in discussions and working towards the signing of the final documentation and completion of the transaction.
Completion of the transaction is dependent on obtaining the regulatory approvals in respect of antitrust clearance as detailed in the above mentioned immediate report.
THIS IS A CONVENIENCE SUMMARY OF THE HEBREW ANNOUNCEMENT ISSUED TO THE TEL AVIV STOCK EXCHANGE ON JUNE 22, 2009. FOR FULL DETAILS PLEASE SEE WWW.TASE.CO.IL
About The Delek Group
Delek Group is the leading energy & infrastructure group based out of Israel with investments in upstream & downstream energy, water desalination and power plants globally. In addition, Delek is the number one importer & distributor of vehicles in Israel and owns insurance assets in Israel and the US. Earlier this year, Delek Group, through its subsidiaries, discovered significant quantities of high quality natural gas off the coast of Israel. Delek Group sales reached over 43 billion Israeli shekel in 2009.
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