Israel's Delek Drilling files for London Stock Exchange spin-off | Reuters
Israel’s Delek Drilling said on Sunday it was looking to spin off most of its assets into a new company that will be listed on the London Stock Exchange.
The company, a unit of conglomerate Delek Group, said in a regulatory filing in Tel Aviv that it had filed a request with the Financial Conduct Authority to list the new company on the main market in London.
Delek Drilling said it would continue to hold a stake in the Israeli natural gas field Tamar, while other assets, which include shares in the Leviathan and Aphrodite fields and a partial ownership of a pipeline to Egypt, would be transferred to the new company.
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