Delek eyes London listing

Israel

TEL AVIV, May 9, 2017 – Israel’s Delek Group will be seeking a London listing in the near term, President and CEO Asaf Bartfeld said in an interview on Monday.

According to the company head, Delek’s efforts in gaining recognition as a “global exploration and production company,” would be bolstered by such plans.

“If Delek Group wants to be international, we have to be traded on an international exchange, and I think London is one of the good places to be in,” Bloomberg quoted Bartfeld as saying.

Last week, regional entity Kuwait Energy confirmed plans to seek a London listing, calling the London Stock Exchange not only a “stable platform,” but also a “natural home.”

For Delek, a London listing could give the company a push as it seeks further expansion abroad. Bartfeld said the company is eyeing opportunities in the US, the Gulf of Mexico and Canada.

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