Rami Levy stated mulling withdrawal from Delek Israel deal


Sources say disagreements have damaged out throughout the Rami Levy-Lahav LR consortium negotiating to purchase the gas station chain.

Is the deal for the acquisition of Delek Israel by Rami Levy, and Lahav LR Actual Property Ltd. (TASE: LAHAV), managed by Avi Levy, in peril of breaking down? Sources inform “Globes” that the negotiations on the acquisition of the gas station and comfort retailer chain have hit a snag, so far as is thought due to developments within the purchaser group.

The evaluation available on the market is that subsequent week a deal can be signed that can resolve the way forward for Delek Israel, whether or not with Rami Levy and Avi Levy, or with the Arbel Fund. In the meanwhile, plainly due to inner disagreements, Rami Levy’s involvement is teetering, in order that there isn’t a certainty over who will present the primary finance for the group led by Lahav LR.

In response to one market supply, Rami Levy is contemplating withdrawal from the deal as a result of he’s dissatisfied on the prospect of the Delek Israel chain persevering with to function on Saturdays. In his different companies, he’s strict about no work being executed on the sabbath.

An announcement from Lahav LR stated, “The LR-Rami Levy group is collectively negotiating the acquisition of 70% of the shares in Delek Israel as a united consortium with no variations of opinion between the events.” Rami Levy selected to not touch upon the matter.

Revealed by Globes, Israel enterprise information – en.globes.co.il – on September 17, 2020

© Copyright of Globes Writer Itonut (1983) Ltd. 2020

Rami Levy Picture: Eyal Yitzhar

Shany Moses and Omri Cohen




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