3 May 2024
Israel’s Delek Group to merge drilling and oil subsidiaries
Publication date: 11 August 2016
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Israeli conglomerate Delek Group plans to merge two of its subsidiaries and make Avner Oil part of Delek Drilling, the company said this week.
The merger is subject to approval of both boards of directors and shareholders of the companies and comes after months of deliberation. The Delek board had publicly announced that it was considering the merger in April.