Tuesday, April 25, 2017

Delek Group looks to sell 10 pct stake in Tamar gas field - REUTERS AFRICA

Tue Apr 25, 2017 11:07am GMT
Ari Rabinovitch

JERUSALEM, April 25 (Reuters) - Israeli conglomerate Delek Group said on Tuesday it intends to sell up to a 10 percent stake in the large offshore field Tamar, Israel's main supply of natural gas.

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Delek Group subsidiaries Delek Drilling and Avner Oil will each sell up to five percent of their stakes in Tamar, as well as the smaller field Dalit.

Delek said in a statement a new corporation will be set up that will sell securities, including bonds, on the Tel Aviv bourse, to raise money to buy the stake in the gas fields.


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