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| Delek Group controlling shareholder Yitzhak Tshuva. Tomer Appelbaum |
Eran Azran
As sale of Phoenix stalls, conglomerate weighing plan to spin off non-energy businesses into separate company.
Delek Group, the holding company controlled by Yitzhak Tshuva, is reviving plans to split itself into two groups amid expectations that the sale of its insurance company Phoenix to China’s Fujian Yango Group will not win approval from regulators, The Marker has learned.
Delek has sought to reposition itself as a wide-ranging conglomerate, with holdings in everything from energy to real estate, vehicles and insurance, into a group focused on energy exploration.
