September 14, 2014 / 9:00 AM / 4 years ago

Delek Group to sell Britain's Roadchef for $250 million

JERUSALEM (Reuters) - Israeli conglomerate Delek Group (DLEKG.TA) said on Sunday it agreed to sell wholly-owned unit Roadchef, one of Britain’s leading roadside service area businesses, to European fund Antin Infrastructure Partners for about 153 million pounds ($249 million).

Delek Group, which holds major shares in numerous newfound gas fields in the eastern Mediterranean, is looking to sell off most of its non-energy holdings as it considers issuing its shares for trading on the London Stock Exchange in addition to its Tel Aviv listing.

The company said it entered a binding agreement with the European infrastructure fund and the closing is expected to take place by the end of the month.

Delek said it would post a capital gain of 220 million shekels ($61 million) from the sale.

Reporting by Ari Rabinovitch

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below