Delek Israel, managed by Lahav LR True Estate Ltd. (TASE: LAHAV) and Uri Mantzur has proposed a merger offer with Shufersal Ltd. (TASE:SAE), Israel’s premier supermarket chain, which is traded at a marketplace cap of NIS 7.4 billion and has no controlling core.

Delek Israel has made available a share swap deal in which it would obtain a 20% stake in Shufersal, which would make it the retail chain’s greatest shareholder but not its managing shareholder. Lahav LR Authentic Estate Ltd. has a 40% stake in Delek Israel, Uri Mantzur (35%), and Delek Team Ltd. (TASE:DLEKG) (25%).




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Delek Israel operates 243 gas station about Israel and 203 Menta handy stores and Cup “O” Joe cafes. Last yr Lahav LR and Uri Mantzur acquired handle of Delek Israel and experienced filed a prospectus for an IPO on the TASE at an estimated organization valuation of NIS 1.5 billion. But if the Shufersal merger goes forward then the IPO will be cancelled.

Printed by Globes, Israel organization information – en.globes.co.il – on April 5, 2022.

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