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.