Delek Europe Signs on Transaction for Acquiring BP’s Fuel Retail Business in France
Tel Aviv, Delek Group (TASE: DLEKG) (hereinafter: ‘the Company’) Following on from the immediate reports of 4th February 2010 and from 22nd June 2010 the Company informs that its subsidiary, Delek Europe B.V. (hereinafter: ‘Delek Europe’) signed on June 23, 2010 an agreement to acquire BP’s retail business in France and paid an additional advance of Euro 10 million. The remainder of the payment will be paid on completion of the transaction. The completion of the transaction is subject to regulatory approvals in respect of antitrust.
THIS IS A CONVENIENCE SUMMARY OF THE HEBREW ANNOUNCEMENT ISSUED TO THE TEL AVIV STOCK EXCHANGE ON JUNE 24, 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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