Delek Group Ltd. (TASE: DLEKG) unit Delek US Holdings Inc. (NYSE:DK) has reported to the US Securities and Exchange Commission (SEC) that it is in talks with Alon Israel Oil Co., the parent company of Alon USA Energy Inc. (NYSE:ALJ) to buy a stake in the fellow Israeli energy company.
Delek US has gas station, convenience stores and refinery operations in Alabama, Georgia, Tennessee, Arkansas, Mississippi, Kentucky, and Virginia. These would be complemented by Alon USA's operations, which include refineries in Texas, California and Louisiana and 7-Eleven convenience stores in Texas and New Mexico.
Alon Israel holds a 48% stake in Alon US, after relinquishing its majority through a share sale earlier this year.
Delek Group is controlled by Yitzhak Tshuva.
Published by Globes [online], Israel business news - www.globes-online.com - on April 1, 2015
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