Delek Group to spin off energy holdings, may list them on foreign exchanges
Restructuring aims to increase conglomerate’s market value and facilitate raising new capital for development of Leviathan natural gas field.
Delek Group announced Tuesday that it was weighing a plan to spin off its energy operations into a separate company that may end up trading on a foreign stock exchange. The move comes as the conglomerate seeks to increase its stock market valuation and raise new capital.
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