Stock Market – Israel’s Delek Drilling information for London Stock Change spin-off
JERUSALEM (Reuters) – Israel’s Delek Drilling stated on Sunday it was trying to spin off most of its property into a brand new firm that can be listed on the London Stock Change.
The corporate, a unit of conglomerate Delek Group, stated in a regulatory submitting in Tel Aviv that it had filed a request with the Monetary Conduct Authority to listing the brand new firm on the primary market in London.
Delek Drilling stated it will proceed to carry a stake within the Israeli pure gasoline discipline Tamar, whereas different property, which embrace shares within the Leviathan and Aphrodite fields and a partial possession of a pipeline to Egypt, can be transferred to the brand new firm.
Reporting by Ari Rabinovitch; Enhancing by Steven Scheer
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