Delek sells additional 4.4 pct stake in Menorah

Newswire

JERUSALEM, Feb 26 (Reuters) - Israeli conglomerate Delek Group on Sunday said it sold an additional 4.4 percent stake in insurance company Menorah Holdings . Delek said in a statement to the Tel Aviv Stock Exchange it sold the stake in Menorah at 52 Israeli shekels ($12.41) per share to a third party to meet regulatory requirements imposed when it bought insurer Phoenix Holdings . Delek had sold a nearly 8 percent stake in January and currently holds 2.2 percent of Menorah's shares, less ...

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