Delek Group Ltd. (TASE: DLEKG) has sold a 9.8% stake in The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) in SWAP deals for NIS 82 million and the release of a NIS 42 million lien on Delek Drilling LP (TASE: DEDR.L) shares. RELATED ARTICLES Delek completes NIS 1.57b sale of Phoenix The SWAP deals were concluded ahead of the planned date because Delek is in dire needs of cash to pay off debts. The early completion of the deals saw Delek paid NIS 56 million less than it was meant to receive. Published by Globes, Israel business news - www.globes-online.com - on May 11, 2020 © Copyright of Globes Publisher Itonut (1983) Ltd. 2020
