Delek Israel eyes Scorching Cell acquisition
Delek Israel, managed by Lahav L.R. Actual Property (TASE: LAHV) and Uri Mantzur, is all for shopping for Scorching Cell. Delek Israel joins Bezeq cell phone unit Pelephone, which has even signed a memorandum of understanding to purchase Scorching Cell for NIS 2.1 billion and a consortium headed by Gil Sharon, which has reportedly bid NIS 1.4 billion. Accomplice, has in the meantime supplied to purchase Scorching Cell’s enterprise clients.
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Delek Israel operates gasoline stations and a sequence of comfort shops round Israel, from which it spun off Delek Israel Properties (TASE: DLPR), which had a valuation of NIS 913 million at its IPO. Final summer season. Delek Israel sought to develop and construct further substantial client exercise and reportedly competed for the acquisition of management of Shufersal. and within the tender to buy the put up workplace however didn’t win both. Lahav L.R., which is the dad or mum firm of Delek Properties, is traded at a market cap of almost NIS 2.4 billion.
The corporate identifies a synergistic alternative in Scorching Cell and the communications trade. It will be capable of promote finish tools comparable to mobile units in its comfort retailer chain, which has 220 shops, and also will be capable of leverage its loyalty membership exercise.
At this stage, no official provide has been made by Delek Israel to Scorching, however the firm has entered the data room that Scorching arrange for the sale and is reviewing the data with its advisors. It can possible be capable of submit a proposal within the value vary that different events have supplied to Scorching. Though the very best provide at this stage got here from Pelephone, many available in the market imagine that it’ll have issue acquiring regulatory approval for a merger with a serious market rival. At this stage, a possible acquisition of Scorching Cell by Delek Israel could also be carried out solely by it, however it could select to take action with strategic companions.
Printed by Globes, Israel enterprise information – en.globes.co.il – on January 4, 2026.
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