Delek Israel proposes merger with Shufersal
Delek Israel, managed by Lahav LR Actual Estate Ltd. (TASE: LAHAV) and Uri Mantzur has proposed a merger offer with Shufersal Ltd. (TASE:SAE), Israel’s most significant grocery store chain, which is traded at a market place cap of NIS 7.4 billion and has no controlling core.

Delek Israel has available a share swap offer in which it would obtain a 20% stake in Shufersal, which would make it the retail chain’s premier shareholder but not its controlling shareholder. Lahav LR True Estate Ltd. has a 40% stake in Delek Israel, Uri Mantzur (35%), and Delek Group Ltd. (TASE:DLEKG) (25%).




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Delek Israel operates 243 gasoline station all over Israel and 203 Menta convenient stores and Cup “O” Joe cafes. Last 12 months Lahav LR and Uri Mantzur purchased handle of Delek Israel and experienced filed a prospectus for an IPO on the TASE at an approximated company valuation of NIS 1.5 billion. But if the Shufersal merger goes in advance then the IPO will be cancelled.

Published by Globes, Israel small business information – en.globes.co.il – on April 5, 2022.

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