Delek Israel, managed by Lahav L.R. Actual Property (TASE: LAHV) and Uri Mantzur, is excited about shopping for Scorching Cell. Delek Israel joins Bezeq cell phone unit Pelephone, which has even signed a memorandum of understanding to purchase Scorching Cell for NIS 2.1 billion and a consortium headed by Gil Sharon, which has reportedly bid NIS 1.4 billion. Accomplice, has in the meantime provided to purchase Scorching Cell’s enterprise clients.
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Delek Israel operates gasoline stations and a series of comfort shops round Israel, from which it spun off Delek Israel Properties (TASE: DLPR), which had a valuation of NIS 913 million at its IPO. Final summer time. Delek Israel sought to increase and construct extra substantial shopper exercise and reportedly competed for the acquisition of management of Shufersal. and within the tender to buy the submit workplace however didn’t win both. Lahav L.R., which is the father or mother firm of Delek Properties, is traded at a market cap of practically NIS 2.4 billion.
The corporate identifies a synergistic alternative in Scorching Cell and the communications business. It might have the ability to promote finish tools akin to mobile units in its comfort retailer chain, which has 220 shops, and also will have the ability to leverage its loyalty membership exercise.
At this stage, no official supply has been made by Delek Israel to Scorching, however the firm has entered the knowledge room that Scorching arrange for the sale and is reviewing the knowledge with its advisors. It’s going to seemingly have the ability to submit a proposal within the value vary that different events have provided to Scorching. Though the very best supply at this stage got here from Pelephone, many out there consider that it’s going to have problem acquiring regulatory approval for a merger with a significant market rival. At this stage, a possible acquisition of Scorching Cell by Delek Israel could also be carried out solely by it, however it could select to take action with strategic companions.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on January 4, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
