Israeli conglomerate Delek Group is examining the possibility of participating in a tender to buy gas stations in Greece.
Delek said in a statement to the Tel Aviv Stock Exchange on Sunday that there was no certainty that it would bid.
Israeli
financial newspaper Calcalist reported that Delek was looking into
buying 600 gas stations from Royal Dutch Shell for between 250 million
euros and 300 million. Calcalist noted that Shell would be exiting the
Greek market.
The newspaper said Delek’s controlling shareholder, Yitzhak Tshuva, spent two days in Greece last week to study the deal.
Shell
has been in talks with the country’s two oil refineries, Hellenic
Petroleum and Motor Oil, over the sale of its network in Greece,
according to local press reports.
Market sources have indicated
that BP is also considering withdrawing from Greece, due to recent
drops in profits and because of steps taken by the government to boost
competition in the sector.
(from "KATHIMERINI" newspaper, 09/06/2009)