Key Developments: Delek Group Ltd (DGRLY.PK)
29.20USD
18 Jun 2013
$1.40 (+5.04%)
$27.80
$27.28
$29.20
$27.28
450
1,480
$29.20
$12.89
Latest Key Developments (Source: Significant Developments)
Delek Group Ltd Declares Cash Dividend Distribution
Delek Group Ltd announced that on March 21, 2013, the Board of Directors of Delek Group declared a cash dividend distribution for the fourth quarter of 2012 in the amount of approximately NIS220 million (or NIS 19.33 per share) to shareholders. The ex-date is April 10, 2013 and the dividend will be paid on April 23, 2013. Full Article
Delek Group Ltd Announces Dividend
Delek Group Ltd announced that on November 28, 2012, the Board of Directors of Delek Group declared a cash dividend distribution for the third quarter of 2012 in the amount of approximately NIS65 million (approximately NIS5.7131 per share) to the shareholders on record as of December 12, 2012 and the dividend will be paid on December 24, 2012. Full Article
Delek Group Ltd Announces New Joint Venture Company With Tadmor Group
Delek Group Ltd announced that it has signed an agreement to form a new joint venture company with Tadmor Group. The two companies will create a new company which will be active in the field of oil and gas exploration, production and export of the products. Full Article
Delek Group Ltd Receives New Class Action Lawsuit
Delek Group Ltd announced that its subsidiary, Cohen Development & Industrial Buildings Ltd, has received a new class action lawsuit from the former shareholders of the subsidiary. The lawsuit pertains to how the subsidiary's controlling stake was acquired during the year 2011. The amount of the lawsuit is NIS 48.8 million. The Company and its advisors will study the lawsuit and react accordingly. Full Article
Delek Group Ltd Announces Interim Cash Dividend For FY 2012
Delek Group Ltd announced that it has decided to pay an interim cash dividend of NIS 7.0316 per share for the fiscal year 2012. The dividend ex-date is September 11, 2012, for shareholders on record on September 11, 2012, and the payment date is September 27, 2012. Full Article
Delek Group Ltd to Issue USD 1.5 Billion in Bonds to Meet Tamar Development Costs
Delek Group Ltd announced that it is considering raising up to USD 1.5 billion in a bond issue to recycle the debt of its subsidiaries involved in the development of the Tamar offshore gas field. The bond issue would be launched on the Tel Aviv Stock Exchange after completion of the field's development in early 2013. The funds would enable Delek Group subsidiaries, Delek Drilling and Avner Oil and Gas, to pay back costlier loans taken in recent years to cover their part of the USD 3.1 billion developments cost of the Tamar field. Full Article
Delek Group Ltd's Subsidiary Completes Sale Of Special Purpose Company
Delek Group Ltd announced that following an announcement dated May 13, 2012, its subsidiary, Delek Infrastructures Ltd, has completed the sale of one of its special purpose companies (SPC) located in the Israeli city of Kiryat Gat to Racom Electronics Ltd. The SPC company engages in the field of producing electricity from natural gas. The deal is worth NIS 7 million. Full Article
Delek Group Ltd In Talks To Sell The Phoenix Holdings Ltd Stake-Reuters
Reuters reported that Delek Group Ltd examining the sale of its stake in The Phoenix Holdings insurance group in the wake of a government decision to break up some of the country's biggest conglomerates. Meetings are being held with entities interested in buying the Company's stake, including the international fund KKR. Full Article
Delek Group Ltd's Subsidiary Sells Company In Israel
Delek Group Ltd announced that its subsidiary, Delek Infrastructures Ltd, has signed an agreement with Racom Electronics Ltd, for the sale of one of its special purpose companies (SPC) located in the Israeli city of Kiryat Gat. The SPC company engages in the field of producing electricity from natural gas. The deal is worth NIS 7 million. Full Article
Delek Group Ltd Completes Merger With Subsidiary Delek Investments & Properties Ltd
Delek Group Ltd announced that following an agreement and plan of merger with its subsidiary, Delek Investments & Properties Ltd, dated March 1, 2011, the merger between the two companies is complete. Full Article
Delek Group profit drops on tax bite from sale of US unit stake
JERUSALEM, May 29 - Israeli conglomerate Delek Group reported lower first-quarter net profit due to higher taxes stemming from the sale of shares in its U.S. subsidiary.
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