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 premier grocery store chain, which is traded at a current market cap of NIS 7.4 billion and has no controlling core.

Delek Israel has available a share swap deal in which it would get a 20% stake in Shufersal, which would make it the retail chain’s premier shareholder but not its managing 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 gas station all-around Israel and 203 Menta hassle-free outlets and Cup “O” Joe cafes. Last 12 months Lahav LR and Uri Mantzur bought handle of Delek Israel and experienced filed a prospectus for an IPO on the TASE at an believed company valuation of NIS 1.5 billion. But if the Shufersal merger goes ahead then the IPO will be cancelled.

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

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