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Regulator reaches deal with Delek and Noble Energy

31 Dec, 2013 18:32
שלח תגובה במיילAmiram Barkat

Antitrust Authority head David Gilo is set to agree not to declare Delek and Noble a cartel if they sell their Karish and Tanin rights.

Delek Group Ltd. (TASE: DLEKG) and Noble Energy Inc. (NYSE: NBL) are set to sign an agreement in the coming days with Antitrust Authority head Dr. David Gilo, who will withdraw his intention of declaring the two partners in Leviathan and Tamar a cartel. In exchange for Gilo's decision, Delek and Noble will agree to sell their rights in the relatively small Karish and Tanin fields.

In contradiction of media reports, as part of the compromise, Delek and Noble Energy will not dilute their stakes in Tamar and Leviathan.

Published by Globes [online], Israel business news - www.globes-online.com - on December 31, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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