Delek Israel, managed by Lahav L.R. Actual Property (TASE: LAHV) and Uri Mantzur, is thinking about shopping for Sizzling Cellular. Delek Israel joins Bezeq cell phone unit Pelephone, which has even signed a memorandum of understanding to purchase Sizzling Cellular for NIS 2.1 billion and a consortium headed by Gil Sharon, which has reportedly bid NIS 1.4 billion. Associate, has in the meantime supplied to purchase Sizzling Cellular’s enterprise prospects.
RELATED ARTICLES
Pelephone indicators MOU for acquisition of Sizzling Cellular
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 season. Delek Israel sought to broaden and construct further substantial client exercise and reportedly competed for the acquisition of management of Shufersal. and within the tender to buy the put up workplace however didn’t win both. Lahav L.R., which is the dad or mum firm of Delek Properties, is traded at a market cap of practically NIS 2.4 billion.
The corporate identifies a synergistic alternative in Sizzling Cellular and the communications trade. It could be capable of promote finish gear equivalent to mobile gadgets in its comfort retailer chain, which has 220 shops, and also will be capable of leverage its loyalty membership exercise.
At this stage, no official supply 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 is going to seemingly be capable of submit a proposal within the value vary that different events have supplied to Sizzling. Though the best supply at this stage got here from Pelephone, many out there consider that it’ll have problem acquiring regulatory approval for a merger with a significant market rival. At this stage, a possible acquisition of Sizzling Cellular 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.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
