Delek

Delek Group is an Israeli conglomerate and one of Israel's largest companies, Delek Group is involved in the energy and infrastructure, with investments in upstream and downstream energy, water desalination and power plants. Delek Group' subsidiaries are also involved in insurance and financial services. Delek Group is listed on the Tel Aviv stock exchange under the ticker symbol, DLEKG,[3] and is a member of the TA-35 Index of leading Israeli companies, as of July 2012 two of the group's subsidiaries are also listed on the TA-35 Index, Avner Oil Exploration LP and Delek Drilling LP. The Delek Group agreed to sell a 52% controlling stake of Phoenix Holding company (insurance and financial undertaking) to the Chinese civilian-run conglomerate Fosun International.[4]

Delek Group Ltd.
TypePublic
TASE: DLEKG
IndustryConglomerate
Founded1951 (1951)
HeadquartersNetanya, Israel
Key people
Idan Wallance (CEO)
ProductsOil, Gas, Automotive
Revenue ₪ 44.567 billion (2010)[1]
₪ 1.225 billion (2010)[2]
Total assets ₪ 91.896 billion (2010)[1]
Total equity ₪ 4.877 billion (2010)[1]
Websitewww.delek-group.com
A Delek petrol station in Tel Aviv

History

Delek, The Israel Fuel Corporation Ltd, was founded in 1951

In August 2007, Delek Benelux took over marketing activities for Chevron Global Energy Inc. in Benelux, including 869 fueling stations, mostly under the Texaco brand.[5] The same month, Delek Israel's Delek Pi-Glilot, a fuel storage and distribution company operating in Ashdod, Jerusalem and Beersheba, won a Government Companies Authorities tender to run the fuel storage facilities in Ashdod. A few months later in November, they announced the hiring of former police commissioner Moshe Karadi to run Delek Pi-Glilot, who had recently resigned following findings by the Zeiler Commission "that police had grossly mishandled the murder investigation in the Perinian affair."[6] Gabi Last, former commissioner and commander of the Tel Aviv Central District, has been chairing Delek Group for several years.[7] On 1 January 2020, Idan Wallance became Delek's new CEO.[8]

Holdings

Upstream

Assets including holdings in: Yam Tethys Partnership, Tamar gas field, Leviathan gas field, Tanin gas field, Aphrodite gas field

Downstream
A Roadchef service station near the M1 motorway, England
  • Delek Petroleum Ltd. [100%]
    • Delek Europe BV [100%] - 1,230 gas stations and 935 convenience stores
    • Roadchef [100%]
    • Delek Israel Fuel Corporation Ltd (TASE: DLKIS) [86.9%] Israel’s second largest retail gas and lubricants supplier

Infrastructure
  • Independent Power Plants (IPP)
  • 360 desalinisation plants constructed in Israel, Cyprus, China, Spain, United States, India and Kazakhstan
  • largest desalinisation plant in the world built in Israel

Insurance and Finance
  • Phoenix Holdings Ltd.[56%]
    • The Phoenix Insurance Company Ltd. (TASE: PHOE)
      • Excellence Investments Ltd. (TASE: EXCE) [85%]

Automotive
  • Delek Automotive Systems Ltd. (TASE: DLEA) [32%] - largest car dealer in Israel, importer of Mazda and Ford vehicles [9]

Chemicals
  • Gadot Biochemical Ltd.

Former Holdings

See also

References
  1. http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9OTc5OTJ8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1
  2. http://phx.corporate-ir.net/External.File%5B%5D? item=UGFyZW50SUQ9OTc5OTJ8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1
  3. "Archived copy". Archived from the original on 2013-09-06. Retrieved 2011-10-11.CS1 maint: archived copy as title (link)
  4. "China's Fosun International to Acquire Phoenix Holdings From Israel's Delek". Insurance Journal. Retrieved 24 June 2015.
  5. "Delek Petroleum, Ltd". Archived from the original on 2008-12-27. Retrieved 2008-06-20.
  6. "Jerusalem Post on Karadi". Archived from the original on 2011-09-24. Retrieved 2019-07-21.
  7. Haaretz: Delek Hires top cop
  8. https://www.rigzone.com/news/delek_group_appoints_new_ceo-28-nov-2019-160455-article/
  9. The Bob Bey Property Report Archived 2009-01-27 at the Wayback Machine
  10. "Delek on Dankner". Archived from the original on 2007-12-26. Retrieved 2008-06-20.
  11. "Archived copy". Archived from the original on 2014-08-19. Retrieved 2014-08-20.CS1 maint: archived copy as title (link)
  12. http://phx.corporate-ir.net/phoenix.zhtml?c=160695&p=irol-newsArticle&ID=2173233
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