Delek Group completed the acquistion of a 44.5% stake in Mehadrin from Discount Investment Corporation.

Delek Group, an Israeli conglomerate, completed the acquistion of a 44.5% stake in Mehadrin, a citrus fruits company, from Discount Investment Corporation, an Israeli holding company. Financial terms were not disclosed. "We see Mehadrin as a company with significant enhancement potential due to the enormous scale of fields and land reserves in its possession, which are owned and under long-term lease agreements and located in areas of demand in the State of Israel," Idan Wallace, Delek Group CEO.