The proposed move is intended to unlock shareholder value and boost foreign investment in Israel’s energy sector, Tel Aviv-listed Delek said in a statement on Tuesday.
The new entity will hold Delek’s major interests in big natural gas fields off Israel including Tamar and Leviathan that are being developed together with US operator Noble Energy.
The value of assets to be spun off into the new entity were estimated by one analyst to be worth around $3.6
