Source: Delek Group – Press Release/Statement:
Headline: Sale of Phoenix – Update
Tel Aviv, February 17, 2017. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that further to what was stated in the Immediate Report dated August 22, 2016 concerning the binding agreement for the sale of all the Company’s holdings in Phoenix Holdings Ltd (ref. no. 2016-01-107572), on February 16, 2017 the parties (the Company and Yango Investment PTE Ltd) signed an amendment to the agreement in which the period to obtain the contingent terms was extended to March 31, 2017, whereby if by that date the terms for closing had not been completed, each of the parties to the agreement would be entitled to inform the other party of its cancellation.
This is a convenience translation of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on February 17, 2017.
About The Delek Group
The Delek Group, Israel’s dominant integrated energy company, is the pioneering leader of the natural gas exploration and production activities that are transforming the Eastern Mediterranean’s Levant Basin into one of the energy industry’s most promising emerging regions. Having discovered Tamar and Leviathan, two of the world’s largest natural gas finds since 2000, Delek and its partners are now developing a balanced, world-class portfolio of exploration, development and production assets with total gross natural gas resources discovered since 2009 of approximately 40 TCF.
In addition, Delek Group has a number of assets in downstream energy, water desalination, and in the finance sector.
For more information on Delek Group please visit www.delek-group.com