Seeking Alpha

Delek Group to sell European operations for $484M

  • The Delek Group's (DGRLY) subsidiary, Delek Europe Holdings, has signed an agreement to sell Delek Europe BV for €355M ($484M) to an unnamed foreign fund.
  • The deal is to be paid through two initial installments of €90M each, while Delek will extend the remaining €175 as a five year loan.
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