Tuesday, July 19, 2016

Israel's Delek Group in talks to sell 87 MW power plant for $52 mln - REUTERS

Tue Jul 19, 2016 10:26am GMT

JERUSALEM, July 19 (Reuters) - Israeli conglomerate Delek Group said on Tuesday it is in advanced talks to sell an 87 megawatt power plant to a group of investors for about 200 million shekels ($52 million).

The plant is located in the Israeli coastal city of Ashkelon, adjacent to a huge desalination plant in which Delek is also a partner.

In a statement to the Tel Aviv Stock Exchange, Delek described the potential buyers only as a "group of institutional and private investors". ($1 = 3.8590 shekels) (Reporting by Ari Rabinovitch)

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