|Amendment to Agreement for Sale of Holdings in The Phoenix Holdings Ltd|
Tel Aviv, April 6, 2017. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that further to what was stated in section 1.9 of the Company's 2016 Annual Report, published on March 30, 2017 (ref. no. 2017-01-033078), concerning the sales agreement for all the Company's holdings in The Phoenix Holdings Ltd to Yango Investment PTE Ltd ( "Yango"), and in the light of the fact that as of the date set in the agreement (March 31, 2017) the conditions for closing of the transaction had not been completed, on April 5, 2017 it entered into an amended agreement with Yango, whose main points are as follows:
This is a convenience translation of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on April 6, 2017.
About The Delek Group
The Delek Group, Israel's dominant integrated energy company, is the pioneering leader of the natural gas exploration and production activities that are transforming the Eastern Mediterranean's Levant Basin into one of the energy industry's most promising emerging regions. Having discovered Tamar and Leviathan, two of the world's largest natural gas finds since 2000, Delek and its partners are now developing a balanced, world-class portfolio of exploration, development and production assets with total gross natural gas resources discovered since 2009 of approximately 40 TCF.
In addition, Delek Group has a number of assets in downstream energy, water desalination, and in the finance sector.
For more information on Delek Group please visit www.delek-group.com