Delek

Delek Group Ltd.
Public
Traded as TASE: DLEKG
OTCQX: DGRLY
Industry Conglomerate
Founded 1951 (1951)
Headquarters Netanya, Israel
Key people
 Asaf Bartfield, (CEO)
Products Oil, Gas, Automotive
Revenue ₪ 44.567 billion (2010)[1]
₪ 1.225 billion (2010)[2]
Total assets ₪ 91.896 billion (2010)[1]
Total equity ₪ 4.877 billion (2010)[1]
Website www.delek-group.com
A Delek petrol station in Tel Aviv

Delek Group is an Israeli conglomerate and one of Israel's largest companies, which the majorly owned by Yitzhak Tshuva[3][4] a self-made multi-billionaire. Delek Group is involved in the energy and infrastructure, with investments in upstream and downstream energy, water desalination and power plants. Delek Group' subsidiaries are also involved in insurance and financial services. Delek Group is listed on the Tel Aviv stock exchange under the ticker symbol, DLEKG,[5] and is a member of the TA-25 Index of leading Israeli companies, as of July 2012 two of the group's subsidiaries are also listed on the TA-25 Index, Avner Oil Exploration LP and Delek Drilling LP. The group's USA operations, Delek US Holdings, Inc. (NYSE: DK), are listed on the New York Stock Exchange. On June 22, 2015, The Delek Group agreed to sell a 52% controlling stake of Phoenix Holding company (insurance and financial undertaking) to the Chinese civilian-run conglomerate Fosun International.[6]

History

Delek, The Israel Fuel Corporation Ltd, was founded in 1951

In August 2007, Delek Benelux took over marketing activities for Chevron Global Energy Inc. in Benelux, including 869 fueling stations, mostly under the Texaco brand.[7] The same month, Delek Israel's Delek Pi-Glilot, a fuel storage and distribution company operating in Ashdod, Jerusalem and Beersheba, won a Government Companies Authorities tender to run the fuel storage facilities in Ashdod. A few months later in November, they announced the hiring of former police commissioner Moshe Karadi to run Delek Pi-Glilot, who had recently resigned following findings by the Zeiler Commission "that police had grossly mishandled the murder investigation in the Perinian affair."[8] Gabi Last, former commissioner and commander of the Tel Aviv Central District, has been chairing Delek Group for several years.[9]

Holdings

Energy and Infrastructure

Upstream

Assets including holdings in: Yam Tethys Partnership, Tamar gas field, Leviathan gas field, Tanin gas field, Aphrodite gas field

Downstream

A Roadchef service station near the M1 motorway, England

Infrastructure

Insurance and Finance

Automotive

Chemicals

Former Holdings

See also

References

External links

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