Leumi Partners Acquires 20% Stake in Delek Israel in Deal Valuing Company at Over NIS 1 Billion

Leumi Partners, the investment arm of Bank Leumi, has agreed to acquire a 20% equity stake in Delek Israel, in a transaction that values the company at more than NIS 1 billion.

The deal marks a significant vote of confidence in Delek Israel's business and growth prospects, while further strengthening Leumi Partners' portfolio of strategic investments in leading Israeli companies.

Strategic Investment in Energy and Retail

Delek Israel is controlled by Avi Levy through Lahav L.R..

The transaction values the fuel retailer and energy company at more than NIS 1 billion, underscoring investor confidence in the company's operations and long-term value creation.

Major Vote of Confidence

For Leumi Partners, the acquisition represents a strategic investment in one of Israel's leading fuel distribution and convenience retail operators, expanding its exposure to the country's energy and infrastructure sectors.

For Lahav L.R., bringing Leumi Partners on board as a minority shareholder adds a prominent institutional investor while providing external validation of Delek Israel's valuation and business strategy.

Transaction Highlights

• Buyer: Leumi Partners
• Seller/Controlling Shareholder: Lahav L.R.
• Company: Delek Israel
• Stake Acquired: 20%
• Implied Company Valuation: More than NIS 1 billion

The transaction is expected to reinforce Delek Israel's financial position while positioning the company for its next phase of growth under the continued control of Lahav L.R. and with Leumi Partners as a significant strategic shareholder.