Wednesday, April 03, 2019 1:11:46 PM
The Delek Group is currently divesting from all non-core assets in order to focus on energy.
From the latest earnings call transcript,
Delek Group has net income of ~$500 Million for 2018 and is in the final stages of the sale of its 30% stake in Phoenix Insurance for $1.6 Billion.
Earnings Call transcript link dated April 1, 2029.
They have money to invest and are actively looking for investments.
This falls on top of this article:
Ahead of London IPO, Delek Drilling buys 3 Israeli licenses
Of those 3 licenses Delek just purchased, 2 are for ONSHORE ISRAEL Oil Exploration
There’s def some shared interests between Zion and Delek.
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