Delek

Delek Group

Type	Public
Traded as	TASE: DLEKG
Industry	Conglomerate
Founded	1951
Headquarters	Netanya, Israel
Key people	Asaf Bartfield, (CEO)
Products	Oil, Gas, Automotive
Revenue	₪ 44.567 billion (2010)[1]
Net income	₪ 1.225 billion (2010)[2]
Total assets	₪ 91.896 billion (2010)[3]
Total equity	₪ 4.877 billion (2010)[4]
Website	http://www.delek-group.com/

Delek Group is of one Israel's largest companies, owned by Isaac Sharon (Yitzhak Tshuva) ^[5][6], 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 ininsurance and financial services. Delek Group is listed on the Tel Aviv stock exchange under the ticker symbol, DLEKG ^[7], and is a member of the TA25 index of leading Israeli companies.

Divisions

Delek Petroleum Ltd.

Includes Delek Europe BV, Delek Benelux BV, Delek Israel Fuel Corp. and Delek US Holdings Inc. Israel’s second largest retail gas and lubricants supplier.^[8]

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.^[9]

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."^[10] Gabi Last, former commissioner and commander of the Tel Aviv Central District, has been chairing Delek Group for several years.^[11]

Energy

• natural gas operator from off-shore oil fields in Israel. Vietnam, Russia and USA.
  • USA: 502 gas stations in 8 states;
  • Israel: 232 gas stations;
  • Europe: 869 gas stations.
• refining 60,000 bpd in Tyler, Texas based refinery.
• 2 port terminals and 182 km of pipelines.

Delek Real Estate Ltd.

Delek owns 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.^[12]

Delek Investments and Properties Ltd.

Includes Delek Energy System Ltd., Delek Automotive Systems Ltd., Gadot Biochemical Ltd., HOT Cable Communications Systems Ltd., Delek Infrastructures Ltd., Israel Phoenix Insurance Company Ltd., Delek Capital Ltd. and Republic Companies, Inc.

Infrastructure

• 360 desalinisation plants constructed in Israel, Cyprus, China, Spain, USA, India and Khazakhstan
• largest desalinisation plant in the world built in Israel

Finance

• One of the largest insurance companies in Israel.
• owns insurance company The Republic Group in the USA.

Automotive

• largest car dealer in Israel
• Mazda import license of Israel^[13]

References

1. ^ http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9OTc5OTJ8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1
2. ^ http://phx.corporate-ir.net/External.File? item=UGFyZW50SUQ9OTc5OTJ8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1
3. ^ http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9OTc5OTJ8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1
4. ^ http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9OTc5OTJ8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1
5. ^ Jen Benepe."For big foreign buyers, a tricky path to the cash" The Real Deal, August 2007
6. ^ Jewish Journal
7. ^ http://ir.delek-group.com/phoenix.zhtml?c=160695&p=irol-stockquote
8. ^ Delek Vision
9. ^ Delek Petroleum, Ltd.
10. ^ Jerusalem Post on Karadi
11. ^ Haaretz: Delek Hires top cop
12. ^ Delek on Dankner
13. ^ The Bob Bey Property Report

External links

• Delek website