Delek Israel proposes merger with Shufersal
Delek Israel, managed by Lahav LR Authentic Estate Ltd. (TASE: LAHAV) and Uri Mantzur has proposed a merger deal with Shufersal Ltd. (TASE:SAE), Israel’s largest grocery store chain, which is traded at a market cap of NIS 7.4 billion and has no managing main.

Delek Israel has presented a share swap deal in which it would acquire a 20% stake in Shufersal, which would make it the retail chain’s biggest shareholder but not its controlling shareholder. Lahav LR Real 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 gasoline station all-around Israel and 203 Menta handy suppliers and Cup “O” Joe cafes. Final calendar year Lahav LR and Uri Mantzur acquired command of Delek Israel and experienced submitted a prospectus for an IPO on the TASE at an believed firm valuation of NIS 1.5 billion. But if the Shufersal merger goes forward then the IPO will be cancelled.

Posted by Globes, Israel enterprise news – en.globes.co.il – on April 5, 2022.

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