Delek holds 39% of Amisragas shares. The Pardis family holds first right of refusal to 61% of the shares.
Delek, owned by Yitzhak Tshuva, is negotiating the sale of its holdings (39%) in Amisragas to a group of foreign investors. The negotiations began recently, in addition to the negotiations being conducted with the Pardis family, which holds 61% of Amisragas shares. Amisragas is regarded as the country’s third largest gas company.
The Pardis family holds the first right of refusal on the purchase of Delek shares in the company. It is estimated that Tshuva will first try to obtain a final price offer from the foreign investors group, then present it to the Pardis family. It will then become evident who will get preference in the sale of his share in Amisragas.
Amisragas was valued at tens of millions of dollars for the deal. The company value is relatively high, mainly due to the expensive land tracts it owns. A close source estimated that the value could reach $90 million.
Published by Israel's Business Arena September 3, 1998