Delek Group to sell European operations for $484M

|About: Delek Group Ltd. ADR (DGRLY)|By:, SA News Editor

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.