Israeli energy company Delek Group is considering issuing its shares for trading on the London Stock Exchange in addition to its Tel Aviv listing. Delek's board has instructed management to assess the possibility of such a listing in lieu of splitting up the company in two, Delek said on Sunday. Separately, the company said it swung to a loss in the second quarter due to significant write-downs to the value of various holdings the company intends to sell as it refocuses its business on gas exploration In December the company, controlled by Israeli billionaire Yitzhak Tshuva, said it was considering a split of its holdings that would involve its oil and gas activities being concentrated in a new company. "We are very pleased that our strategy to move our group's full focus on the oil and gas exploration and production assets is happening ahead of our schedule," Delek's chief executive, Asaf Bartfeld, said in a statement. Read More http://ift.tt/Y2Mxeu
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