Delek Group Ltd. (TASE: DLEKG) is considering being listed on the London Stock Exchange as part of its international expansion strategy, the "Bloomberg" new agency reported.
"If Delek Group wants to be an international company, we have to be listed on an international stock exchange, and I think that the London Stock Exchange (LSE) is a good one to be on. We're planning an offering on the LSE in the near future," Delek Group president and CEO Asaf Barfeld told "Bloomberg."
Controlled by businessman Yitzhak Tshuva, Delek Group acquired international energy company Ithaca Energy for $615 million in February for the purpose of expanding its business in the UK and the North Sea, and being an international player in oil and gas exploration and production.
In March 2015, the company decided to postpone the offering it was planning in London, due to the volatility then prevailing in the global energy markets and regulatory matters in Israel
Published by Globes [online], Israel Business News - www.globes-online.com - on May 9, 2017
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