Delek

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Delek Group Ltd.
Type Public
Traded as TASEDLEKG
OTCQXDGRLY
Industry Conglomerate
Founded 1951
Headquarters Netanya, Israel
Key people Asaf Bartfield, (CEO)
Products Oil, Gas, Automotive
Revenue Green Arrow Up.svg 44.567 billion (2010)[1]
Net income Green Arrow Up.svg 1.225 billion (2010)[2]
Total assets Green Arrow Up.svg 91.896 billion (2010)[1]
Total equity Green Arrow Up.svg 4.877 billion (2010)[1]
Website http://www.delek-group.com/
a Delek petrol station in Tel Aviv

Delek Group is of one Israel's largest companies, owned by Yitzhak Tshuva (Isaac Sharon),[3][4] a self-made multi-millionaire. 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,[5] and is a member of the TA-25 Index of leading Israeli companies, as of July 2012 two of the group's subsidiaries are also listed on the TA-25 Index, Avner Oil Exploration LP and Delek Drilling LP. The group's USA operations, Delek US Holdings, Inc. (NYSEDK), are listed on the New York Stock Exchange.

History[edit]

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.[6] 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."[7] Gabi Last, former commissioner and commander of the Tel Aviv Central District, has been chairing Delek Group for several years.[8]

Holdings[edit]

Energy and Infrastructure[edit]

Upstream[edit]

  • Delek Energy [87.6%]
  • Delek Drilling LP (TASEDEDR.L) [68.8%]
  • Avner Oil & Gas Exploration LP (TASEAVNR.L) [55.9%]

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

Downstream[edit]

a Roadchef service station near the M1 motorway, England
  • Delek Petroleum Ltd. [100%][9]
    • United States Delek US Holdings, Inc. (NYSEDK) [56.8%]
    • European Union Delek Europe BV [100%] - 1,230 gas stations and 935 convenience stores
    • United Kingdom Roadchef [100%]
    • Israel Delek Israel Fuel Corporation Ltd (TASEDLKIS) [86.9%] Israel’s second largest retail gas and lubricants supplier

Infrastructure[edit]

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

Insurance and Finance[edit]

  • Israel Phoenix Holdings Ltd.[56%]
    • The Phoenix Insurance Company Ltd. (TASEPHOE)
      • Excellence Investments Ltd. (TASEEXCE) [85%]
  • United States The Republic Group [100%]

Automotive[edit]

  • Delek Automotive Systems Ltd. (TASEDLEA) [32%] - largest car dealer in Israel, importer of Mazda and Ford vehicles [10]

Chemicals[edit]

  • Gadot Biochemical Ltd.

Former Holdings[edit]

  • Delek Real Estate Ltd. - a company that owned a total land area of 1.8 million m2, through its subsidiaries, Delek Berlon International Ltd., Delek Global Real Estate Ltd., and adding Dankner Investments Ltd. as Dankner Real Estate's construction arm in 2004.[11]

See also[edit]

References[edit]

External links[edit]