Delek sells 2% of Energy unit for 94 mln shekels

Newswire

JERUSALEM, Nov 23 (Reuters) - Israeli conglomerate Delek Group said it had sold a 2.15 percent stake in subsidiary Delek Energy Systems for 94 million shekels ($25 million). Delek Group said on Monday it would post a pretax profit of 90 million shekels from the transaction in the fourth quarter. Delek controls Delek Energy through its unit Delek Investments & Properties. It said the stake was sold to a number of parties but gave no further detail. Delek, which has interests in the ...

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