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Delek Group Unit Buys Ithaca Stake to Expand Global Activity

2015-10-11 17:03:09| Oil & Gas - Topix.net

An unnamed, wholly-owned subsidiary of Delek signed a binding investment agreement with Ithaca, which is traded on the Toronto Stock Exchange and London's Alternative Investment Market, Delek Group said in a statement on Oct. 9. The acquisition, financed through Delek's own resources, would make the unit the largest shareholder in Ithaca. Delek said it could increase its stake in Ithaca "as appropriate."

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