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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
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Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

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Share Price Information for BP (BP.)

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Share Price: 524.80
Bid: 525.20
Ask: 525.30
Change: -1.50 (-0.29%)
Spread: 0.10 (0.019%)
Open: 529.30
High: 530.70
Low: 522.30
Prev. Close: 526.30
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Israel's Delek says mulling sale of European unit

Mon, 18th Feb 2013 12:14

JERUSALEM, Feb 18 (Reuters) - Israeli real estate, energyand insurance conglomerate Delek Group is examiningthe sale of all or part of its European unit, it said on Monday.

It said in a statement to the Tel Aviv Stock Exchange thirdparties could submit bids to buy Delek Europe BV and then Delekwill explore the possibility of starting talks with some or allof them.

It noted it was not certain bids would be accepted.

Delek did not provide further information in the wake of areport in the Calcalist financial daily that the company was intalks to sell its European operations for 800 million euros($1.06 billion).

Calcalist said those interested included Russian crudeproducer Rosneft and private equity firms TexasPacific Group, Apax and Permira.

Delek Europe has debt of about 440 million euros.

It was founded in 2007 as Delek's European energy retail andmarketing assets arm. It operates 1,230 gas stations and 935convenience stores in four countries following the purchase ofBP's retail activity in France and Texaco gas stationsand convenience stores in Belgium, Luxembourg and theNetherlands.

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Auchincloss was interim CEO

*

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