Delek Israel, managed by Lahav L.R. Actual Property (TASE: LAHV) and Uri Mantzur, is involved in shopping for Sizzling Cell. Delek Israel joins Bezeq cell phone unit Pelephone, which has even signed a memorandum of understanding to purchase Sizzling 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 Sizzling Cell’s enterprise prospects.
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Delek Israel operates gasoline stations and a sequence 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 broaden and construct extra substantial client 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 Sizzling Cell and the communications business. It will be capable to promote finish gear comparable to mobile gadgets in its comfort retailer chain, which has 220 shops, and also will be capable to leverage its loyalty membership exercise.
At this stage, no official provide has been made by Delek Israel to Sizzling, however the firm has entered the knowledge room that Sizzling arrange for the sale and is reviewing the knowledge with its advisors. It would probably be capable to submit a proposal within the value vary that different events have provided to Sizzling. Though the best provide at this stage got here from Pelephone, many out there consider that it’ll have problem acquiring regulatory approval for a merger with a serious market rival. At this stage, a possible acquisition of Sizzling Cell by Delek Israel could also be carried out solely by it, however it might select to take action with strategic companions.
Printed by Globes, Israel enterprise information – en.globes.co.il – on January 4, 2026.
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