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Delek Group climbs to record highs on unit share sale

  • Delek Group (DGRLY.PK +5%) shares rise to record highs after the Israeli energy company said the sale of shares in Delek US Holdings (DK +1.1%) would result in a profit and on bets an offer to buy the outstanding stock in another subsidiary will succeed.
  • The sale of Delek US shares "is generating significant profit" in the company, an Israeli analyst says.
  • Delek Group, whose interests include the offshore Leviathan and Tamar natural gas sites, closed at 1,112 shekels, the highest level since listing on the Tel Aviv exchange in 2000.
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