Delek Israel, managed by Lahav L.R. Actual Property (TASE: LAHV) and Uri Mantzur, is serious 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. Accomplice, 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 fuel 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 develop and construct extra substantial shopper 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 almost NIS 2.4 billion.
The corporate identifies a synergistic alternative in Sizzling Cellular and the communications trade. It will have the ability to promote finish tools similar to mobile gadgets in its comfort retailer chain, which has 220 shops, and also will have the ability 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 data room that Sizzling arrange for the sale and is reviewing the data with its advisors. It would seemingly have the ability to submit a suggestion within the value vary that different events have supplied to Sizzling. Though the best provide at this stage got here from Pelephone, many out there imagine that it’s going to have problem acquiring regulatory approval for a merger with a serious market rival. At this stage, a possible acquisition of Sizzling Cellular by Delek Israel could also be carried out completely by it, however it could select to take action with strategic companions.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on January 4, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
