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

Synopsis

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.

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