The US company owns both onshore production facilities and exploration rights.
Delek Group Ltd. (TASE: DLEKG) subsidiary Delek Energy Systems Ltd. (TASE: DEOL) is negotiating to acquire full ownership and of a US petroleum and gas company for $95 million. The US company owns both onshore production facilities and exploration rights.
Delek Energy added that it would finance most of the purchase with a loan from a foreign bank. The company predicts that the negotiations will be concluded soon.
Delek Energy rose 5% in morning trading, but Delek Group fell 3.5%.
Published by Globes [online], Israel business news - www.globes-online.com - on January 13, 2008
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