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m Zohariko1234 moved page Delek to Delek Group over redirect: "Delek" is both the name of the Delek Group E&P holding conglomerate and the name of its chain of petrol stations, which is incorporated as a separate subsidiary. This article is specifically focused on the holding company, which is why a distinction should be made.
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{{Short description|Israeli conglomerate}}
{{Short description|Israeli conglomerate}}
{{Infobox company
{{Infobox company
| name = Delek Group Ltd.
| name = Delek Group Ltd.
| logo = Flad of Delek 2000.svg
| logo = Delek Group logo.svg
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{TLV|DLEKG}}
| traded_as = {{TLV|DLEKG}}
| foundation = {{start date and age|1951|df=yes}}
| foundation = {{start date and age|1951|df=yes}}
| location = [[Netanya]], Israel
| location = [[Netanya]], Israel
| key_people = Idan Wallance <small>(CEO)</small>
| key_people = Idan Wallance <small>(CEO)</small>
| equity = [[File:Green Arrow Up.svg|12px]] [[₪]] 4.877 [[1000000000 (number)|billion]] <small>(2010)</small>
| equity = [[File:Green Arrow Up.svg|12px]] [[₪]] 4.877 [[1000000000 (number)|billion]] <small>(2010)</small>
| revenue = [[File:Green Arrow Up.svg|12px]] [[₪]] 44.567 [[1000000000 (number)|billion]] <small>(2010)</small>
| revenue = [[File:Green Arrow Up.svg|12px]] [[₪]] 44.567 [[1000000000 (number)|billion]] <small>(2010)</small>
| assets = [[File:Green Arrow Up.svg|12px]] [[₪]] 91.896 [[1000000000 (number)|billion]] <small>(2010)</small>
| assets = [[File:Green Arrow Up.svg|12px]] [[₪]] 91.896 [[1000000000 (number)|billion]] <small>(2010)</small>
| net_income = [[File:Green Arrow Up.svg|12px]] [[₪]] 1.225 [[1000000000 (number)|billion]] <small>(2010)</small>
| net_income = [[File:Green Arrow Up.svg|12px]] [[₪]] 1.225 [[1000000000 (number)|billion]] <small>(2010)</small>
| industry = [[Conglomerate (company)|Conglomerate]]
| industry = [[Conglomerate (company)|Conglomerate]]
| products = [[Oil]], [[Natural gas|Gas]], [[Automotive]]
| products = [[Oil]], [[Natural gas|Gas]], [[Automotive]]
| website = {{URL|http://www.delek-group.com/}}
| website = {{URL|http://www.delek-group.com/}}
}}
}}


[[File:PictRamat aviv025.jpg|right|thumb| A Delek petrol station in [[Tel Aviv]]]]
[[File:PictRamat aviv025.jpg|right|thumb| A Delek petrol station in [[Tel Aviv]]]]
'''Delek Group''' is an Israeli [[Holding company|holding]] [[Conglomerate (company)|conglomerate]] mainly operating in the [[petroleum industry]]. Delek Group's largest subsidiary is '''Delek – The Israel Fuel Corporation''', one of the largest chains of [[Filling station|filling stations]] in Israel. Delek Group also owns [[Upstream (petroleum industry)|E&P]] operations across the [[Levant]], in the [[North Sea]] and in the [[Gulf of Mexico]]. Beyond the oil industry, it also owns [[coffeehouse]] chain Café Joe as well as 70% of the Israeli franchisee of [[Burger King]].
'''Delek Group''' is an Israeli conglomerate and one of Israel's largest companies, Delek Group is involved in the [[energy]] and [[infrastructure]], with investments in upstream and downstream energy, water desalination and power plants. Delek Group' subsidiaries are also involved in [[insurance]] and [[financial]] [[Service (economics)|services]]. Delek Group is listed on the [[Tel Aviv]] stock exchange under the ticker symbol, DLEKG,<ref>{{Cite web |url=http://ir.delek-group.com/phoenix.zhtml?c=160695&p=irol-stockquote |title=Delek Group - Investor Relations - Stock Quote and Chart |access-date=2011-10-11 |archive-url=https://web.archive.org/web/20130906005057/http://ir.delek-group.com/phoenix.zhtml?c=160695&p=irol-stockquote |archive-date=2013-09-06 |url-status=dead }}</ref> and is a member of the [[TA-35 Index]] of leading Israeli companies, as of July 2012 two of the group's subsidiaries are also listed on the [[TA-35 Index]], Avner Oil Exploration LP and Delek Drilling LP. The Delek Group agreed to sell a 52% controlling stake of Phoenix Holding company (insurance and financial undertaking) to the Chinese [[civilian-run enterprise|civilian-run]] conglomerate [[Fosun International]].<ref>{{cite web | url=http://www.insurancejournal.com/news/international/2015/06/22/372508.htm | title=China's Fosun International to Acquire Phoenix Holdings From Israel's Delek | date=22 June 2015 | publisher=Insurance Journal | access-date=24 June 2015}}</ref>

Delek Group is listed on the [[Tel Aviv Stock Exchange]] under the ticker symbol, DLEKG,<ref>{{Cite web |title=Delek Group - Investor Relations - Stock Quote and Chart |url=http://ir.delek-group.com/phoenix.zhtml?c=160695&p=irol-stockquote |url-status=dead |archive-url=https://web.archive.org/web/20130906005057/http://ir.delek-group.com/phoenix.zhtml?c=160695&p=irol-stockquote |archive-date=2013-09-06 |access-date=2011-10-11}}</ref> and is a member of the [[TA-35 Index]] of leading Israeli companies. Delek Group previously held major shares in automobile [[import]] company Delek Motors, [[Nutraceutical|nutraceuticals]] company Gadot Biochemistry, [[desalination]] company [[IDE Technologies]] and holding company Phoenix Holdings, all of which were later sold.


==History==
==History==
Delek, The Israel Fuel Corporation Ltd, was founded in 1951.
Delek Group was first founded as Delek – The Israel Fuel Corporation [[Limited company|Ltd]] in 1951.


In August 2007, Delek Benelux took over marketing activities for Chevron Global Energy Inc. in Benelux, including 869 fueling stations, mostly under the Texaco brand.<ref>{{Cite web |url=http://www.delek-group.com/Content.aspx?Page=petroleum |title=Delek Petroleum, Ltd. |access-date=2008-06-20 |archive-url=https://web.archive.org/web/20081227145652/http://www.delek-group.com/Content.aspx?Page=petroleum |archive-date=2008-12-27 |url-status=dead }}</ref> The same month, Delek Israel's Delek Pi-Glilot, a fuel storage and distribution company operating in [[Ashdod]], [[Jerusalem]] and [[Beersheba]], won a Government Companies Authorities tender to run the fuel storage facilities in Ashdod. A few months later in November, they announced the hiring of former police commissioner [[Moshe Karadi]] to run Delek Pi-Glilot, who had recently resigned following findings by the Zeiler Commission "that police had grossly mishandled the murder investigation in the Perinian affair."<ref>{{Cite web |url=http://fr.jpost.com/servlet/Satellite?pagename=JPost%2FJPArticle%2FShowFull&cid=1195546734857 |title=Jerusalem Post on Karadi |access-date=2019-07-21 |archive-url=https://web.archive.org/web/20110924134105/http://fr.jpost.com/servlet/Satellite?pagename=JPost%2FJPArticle%2FShowFull&cid=1195546734857 |archive-date=2011-09-24 |url-status=dead }}</ref> Gabi Last, former commissioner and commander of the Tel Aviv Central District, has been chairing Delek Group for several years.<ref>[http://www.haaretz.com/hasen/pages/ShArt.jhtml?itemNo=928357&contrassID=2&subContrassID=2 Haaretz: Delek Hires top cop]</ref> On January 1, 2020, Idan Wallance became Delek's new CEO.<ref>{{Cite web|url=https://www.rigzone.com/news/delek_group_appoints_new_ceo-28-nov-2019-160455-article/|title=Delek Group Appoints New CEO|access-date=2020-01-06|archive-date=2019-11-29|archive-url=https://web.archive.org/web/20191129230740/https://www.rigzone.com/news/delek_group_appoints_new_ceo-28-nov-2019-160455-article/|url-status=dead}}</ref>
In August 2007, Delek Benelux took over marketing activities for Chevron Global Energy Inc. in Benelux, including 869 fueling stations, mostly under the [[Texaco]] brand.<ref>{{Cite web |title=Delek Petroleum, Ltd. |url=http://www.delek-group.com/Content.aspx?Page=petroleum |url-status=dead |archive-url=https://web.archive.org/web/20081227145652/http://www.delek-group.com/Content.aspx?Page=petroleum |archive-date=2008-12-27 |access-date=2008-06-20}}</ref> The same month, Delek Israel's Delek Pi-Glilot, a fuel storage and distribution company operating in [[Ashdod]], [[Jerusalem]] and [[Beersheba]], won a Government Companies Authorities tender to run the fuel storage facilities in Ashdod. A few months later in November, they announced the hiring of former police commissioner [[Moshe Karadi]] to run Delek Pi-Glilot, who had recently resigned following findings by the Zeiler Commission "that police had grossly mishandled the murder investigation in the Perinian affair."<ref>{{Cite web |title=Jerusalem Post on Karadi |url=http://fr.jpost.com/servlet/Satellite?pagename=JPost%2FJPArticle%2FShowFull&cid=1195546734857 |url-status=dead |archive-url=https://web.archive.org/web/20110924134105/http://fr.jpost.com/servlet/Satellite?pagename=JPost%2FJPArticle%2FShowFull&cid=1195546734857 |archive-date=2011-09-24 |access-date=2019-07-21}}</ref> Gabi Last, former commissioner and commander of the Tel Aviv Central District, has been chairing Delek Group for several years.<ref>[http://www.haaretz.com/hasen/pages/ShArt.jhtml?itemNo=928357&contrassID=2&subContrassID=2 Haaretz: Delek Hires top cop]</ref> On January 1, 2020, Idan Wallance became Delek's new CEO.<ref>{{Cite web |title=Delek Group Appoints New CEO |url=https://www.rigzone.com/news/delek_group_appoints_new_ceo-28-nov-2019-160455-article/ |url-status=dead |archive-url=https://web.archive.org/web/20191129230740/https://www.rigzone.com/news/delek_group_appoints_new_ceo-28-nov-2019-160455-article/ |archive-date=2019-11-29 |access-date=2020-01-06}}</ref>


==Holdings==
==Holdings==


===Energy and Infrastructure===
===Energy and Infrastructure===

====[[Upstream (petroleum industry)|Upstream]]====
====[[Upstream (petroleum industry)|Upstream]]====

* Delek Energy [87.6%]
* Delek Energy [87.6%]
*[[Delek Drilling|Delek Drilling LP]] ({{TLV|DEDR.L}}) [68.8%]
* [[Delek Drilling|Delek Drilling LP]] ({{TLV|DEDR.L}}) [68.8%]
* Avner Oil & Gas Exploration LP ({{TLV|AVNR.L}}) [55.9%]
* Avner Oil & Gas Exploration LP ({{TLV|AVNR.L}}) [55.9%]

Assets including holdings in: [[Yam Tethys Partnership]], [[Tamar gas field]], [[Leviathan gas field]], [[Tanin gas field]], [[Aphrodite gas field]]
Assets including holdings in: [[Yam Tethys Partnership]], [[Tamar gas field]], [[Leviathan gas field]], [[Tanin gas field]], [[Aphrodite gas field]]


====[[Downstream (petroleum industry)|Downstream]]====
====[[Downstream (petroleum industry)|Downstream]]====
[[File:Road Chef north junction 15a M1 - geograph.org.uk - 599828.jpg|right|thumb|A [[Roadchef]] service station near the [[M1 motorway]], England]]
[[File:Road_Chef_north_junction_15a_M1_-_geograph.org.uk_-_599828.jpg|right|thumb|A [[Roadchef]] service station near the [[M1 motorway]], England]]

* Delek Petroleum Ltd. [100%]
**{{flagicon|EU}} Delek Europe BV [100%] - 1,230 gas stations and 935 convenience stores
* Delek Petroleum Ltd. [100%]
** {{flagicon|EU}} Delek Europe BV [100%] - 1,230 gas stations and 935 convenience stores
** {{flagicon|Israel}} Delek Israel Fuel Corporation Ltd ({{TLV|DLKIS}}) [86.9%] Israel’s second largest retail gas and lubricants supplier
**{{flagicon|UK}} [[Roadchef]] [100%]

**{{flagicon|Israel}} Delek Israel Fuel Corporation Ltd ({{TLV|DLKIS}}) [86.9%] Israel’s second largest retail gas and lubricants supplier
=== Food and restaurants ===

* Café Joe [100%]
* [[Burger King]] (Israeli franchisee) [70%]

==Former Holdings==

* Delek Real Estate Ltd. - a company that owned a total land area of 1.8 million m<sup>2</sup>, through its subsidiaries, Delek Berlon International Ltd., Delek Global Real Estate Ltd., and adding Dankner Investments Ltd. as Dankner Real Estate's construction arm in 2004.<ref>{{Cite web |title=Delek on Dankner |url=http://www.delek-group.com/Content.aspx?Page=real&Child=35 |url-status=dead |archive-url=https://web.archive.org/web/20071226052022/http://www.delek-group.com/Content.aspx?Page=real&Child=35 |archive-date=2007-12-26 |access-date=2008-06-20}}</ref>
* [[Hot (Israel)|HOT Cable Communications Systems Ltd.]]
* [[Starbucks Israel]]<ref>{{Cite web |title=Press Releases - Starbucks Dissolves Joint Venture with the Delek Group of Israel |url=https://gr.starbucks.com/en-US/_About+Starbucks/_Press+Room/Starbucks+Dissolves+Joint+Venture+with+the+Delek+Group+of+Israel.htm |url-status=dead |archive-url=https://web.archive.org/web/20140819082811/https://gr.starbucks.com/en-US/_About+Starbucks/_Press+Room/Starbucks+Dissolves+Joint+Venture+with+the+Delek+Group+of+Israel.htm |archive-date=2014-08-19 |access-date=2014-08-20}}</ref>
* The Republic Group, an insurer, was sold to [[AmTrust Financial Services]] for $140 million on April 19, 2016


====Infrastructure====
====Infrastructure====

* Independent Power Plants (IPP)
* Independent Power Plants (IPP)
*360 desalinisation plants constructed in Israel, [[Cyprus]], China, Spain, United States, India and [[Kazakhstan]]
* 360 desalinisation plants constructed in Israel, [[Cyprus]], China, Spain, United States, India and [[Kazakhstan]]
*largest desalinisation plant in the world built in Israel
* largest desalinisation plant in the world built in Israel


===Insurance and Finance===
===Insurance and Finance===


*{{flagicon|Israel}} Phoenix Holdings Ltd.[56%]
* {{flagicon|Israel}} Phoenix Holdings Ltd.[56%]
** The Phoenix Insurance Company Ltd. ({{TLV|PHOE}})
** The Phoenix Insurance Company Ltd. ({{TLV|PHOE}})
*** Excellence Investments Ltd. ({{TLV|EXCE}}) [85%]
** Excellence Investments Ltd. ({{TLV|EXCE}}) [85%]
** The Republic Group [share unknown]


===Automotive===
===Automotive===
* Delek Automotive Systems Ltd. ({{TLV|DLEA}}) [32%] - largest car dealer in Israel, importer of [[Mazda]] and [[Ford Motor Company|Ford]] vehicles <ref name="The Bob Bey Property Report">[http://www.bdcentral.co.nz/afa.asp?idWebPage=8338&idBobDeyProperty_Articles=3266&SID=41588497 The Bob Bey Property Report] {{webarchive|url=https://web.archive.org/web/20090127054312/http://www.bdcentral.co.nz/afa.asp?idWebPage=8338&idBobDeyProperty_Articles=3266&SID=41588497 |date=2009-01-27 }}</ref>


* Delek Automotive Systems Ltd. (branded as '''Delek Motors''') ({{TLV|DLEA}}) [32%] - largest car dealer in Israel, importer of [[Mazda]] and [[Ford Motor Company|Ford]] vehicles <ref name="The Bob Bey Property Report2">[http://www.bdcentral.co.nz/afa.asp?idWebPage=8338&idBobDeyProperty_Articles=3266&SID=41588497 The Bob Bey Property Report] {{webarchive|url=https://web.archive.org/web/20090127054312/http://www.bdcentral.co.nz/afa.asp?idWebPage=8338&idBobDeyProperty_Articles=3266&SID=41588497|date=2009-01-27}}</ref>
===Chemicals===
* Gadot Biochemical Ltd.


==Former Holdings==
=== Nutrition ===

* Delek Real Estate Ltd. - a company that owned a total land area of 1.8 million m<sup>2</sup>, through its subsidiaries, Delek Berlon International Ltd., Delek Global Real Estate Ltd., and adding Dankner Investments Ltd. as Dankner Real Estate's construction arm in 2004.<ref>{{Cite web |url=http://www.delek-group.com/Content.aspx?Page=real&Child=35 |title=Delek on Dankner |access-date=2008-06-20 |archive-url=https://web.archive.org/web/20071226052022/http://www.delek-group.com/Content.aspx?Page=real&Child=35 |archive-date=2007-12-26 |url-status=dead }}</ref>
* Gadot Biochemical Ltd.
* [[Hot (Israel)|HOT Cable Communications Systems Ltd.]]
* [[Starbucks Israel]]<ref>{{Cite web |url=https://gr.starbucks.com/en-US/_About+Starbucks/_Press+Room/Starbucks+Dissolves+Joint+Venture+with+the+Delek+Group+of+Israel.htm |title=Press Releases - Starbucks Dissolves Joint Venture with the Delek Group of Israel |access-date=2014-08-20 |archive-url=https://web.archive.org/web/20140819082811/https://gr.starbucks.com/en-US/_About+Starbucks/_Press+Room/Starbucks+Dissolves+Joint+Venture+with+the+Delek+Group+of+Israel.htm |archive-date=2014-08-19 |url-status=dead }}</ref>
* The Republic Group, an insurer, was sold to [[AmTrust Financial Services]] for $140 million on April 19, 2016.


==Criticism==
==Criticism==

Revision as of 21:23, 7 August 2023

Delek Group Ltd.
Company typePublic
TASEDLEKG
IndustrieConglomerate
Gegründet1951; 73 years ago (1951)
HauptsitzNetanya, Israel
Key people
Idan Wallance (CEO)
ProdukteOil, Gas, Automotive
Revenue 44.567 billion (2010)
1.225 billion (2010)
Total assets 91.896 billion (2010)
Total equity 4.877 billion (2010)
Websitewww.delek-group.com
A Delek petrol station in Tel Aviv

Delek Group is an Israeli holding conglomerate mainly operating in the petroleum industry. Delek Group's largest subsidiary is Delek – The Israel Fuel Corporation, one of the largest chains of filling stations in Israel. Delek Group also owns E&P operations across the Levant, in the North Sea and in the Gulf of Mexico. Beyond the oil industry, it also owns coffeehouse chain Café Joe as well as 70% of the Israeli franchisee of Burger King.

Delek Group is listed on the Tel Aviv Stock Exchange under the ticker symbol, DLEKG,[1] and is a member of the TA-35 Index of leading Israeli companies. Delek Group previously held major shares in automobile import company Delek Motors, nutraceuticals company Gadot Biochemistry, desalination company IDE Technologies and holding company Phoenix Holdings, all of which were later sold.

History

Delek Group was first founded as Delek – The Israel Fuel Corporation Ltd in 1951.

In August 2007, Delek Benelux took over marketing activities for Chevron Global Energy Inc. in Benelux, including 869 fueling stations, mostly under the Texaco brand.[2] The same month, Delek Israel's Delek Pi-Glilot, a fuel storage and distribution company operating in Ashdod, Jerusalem and Beersheba, won a Government Companies Authorities tender to run the fuel storage facilities in Ashdod. A few months later in November, they announced the hiring of former police commissioner Moshe Karadi to run Delek Pi-Glilot, who had recently resigned following findings by the Zeiler Commission "that police had grossly mishandled the murder investigation in the Perinian affair."[3] Gabi Last, former commissioner and commander of the Tel Aviv Central District, has been chairing Delek Group for several years.[4] On January 1, 2020, Idan Wallance became Delek's new CEO.[5]

Holdings

Energy and Infrastructure

Assets including holdings in: Yam Tethys Partnership, Tamar gas field, Leviathan gas field, Tanin gas field, Aphrodite gas field

A Roadchef service station near the M1 motorway, England
  • Delek Petroleum Ltd. [100%]
    • European Union Delek Europe BV [100%] - 1,230 gas stations and 935 convenience stores
    • Israel Delek Israel Fuel Corporation Ltd (TASEDLKIS) [86.9%] Israel’s second largest retail gas and lubricants supplier

Food and restaurants

  • Café Joe [100%]
  • Burger King (Israeli franchisee) [70%]

Former Holdings

  • Delek Real Estate Ltd. - a company that owned a total land area of 1.8 million m2, through its subsidiaries, Delek Berlon International Ltd., Delek Global Real Estate Ltd., and adding Dankner Investments Ltd. as Dankner Real Estate's construction arm in 2004.[6]
  • HOT Cable Communications Systems Ltd.
  • Starbucks Israel[7]
  • The Republic Group, an insurer, was sold to AmTrust Financial Services for $140 million on April 19, 2016

Infrastructure

  • Independent Power Plants (IPP)
  • 360 desalinisation plants constructed in Israel, Cyprus, China, Spain, United States, India and Kazakhstan
  • largest desalinisation plant in the world built in Israel

Insurance and Finance

  • Israel Phoenix Holdings Ltd.[56%]
    • The Phoenix Insurance Company Ltd. (TASEPHOE)
    • Excellence Investments Ltd. (TASEEXCE) [85%]
    • The Republic Group [share unknown]

Automotive

  • Delek Automotive Systems Ltd. (branded as Delek Motors) (TASEDLEA) [32%] - largest car dealer in Israel, importer of Mazda and Ford vehicles [8]

Nutrition

  • Gadot Biochemical Ltd.

Criticism

Involvement in Israeli settlements

On 12 February 2020, the United Nations published a database of 112 companies helping to further Israeli settlement activity in the West Bank, including East Jerusalem, as well as in the occupied Golan Heights.[9] These settlements are considered illegal under international law.[10] Delek was listed on the database on account of its "provision of services and utilities supporting the maintenance and existence of settlements" and "the use of natural resources, in particular water and land, for business purposes" in these occupied territories.[11]

On 5 July 2021, Norway's largest pension fund KLP said it would divest from Delek together with 15 other business entities implicated in the UN report for their links to Israeli settlements in the occupied West Bank.[12]

See also

References

  1. ^ "Delek Group - Investor Relations - Stock Quote and Chart". Archived from the original on 2013-09-06. Retrieved 2011-10-11.
  2. ^ "Delek Petroleum, Ltd". Archived from the original on 2008-12-27. Retrieved 2008-06-20.
  3. ^ "Jerusalem Post on Karadi". Archived from the original on 2011-09-24. Retrieved 2019-07-21.
  4. ^ Haaretz: Delek Hires top cop
  5. ^ "Delek Group Appoints New CEO". Archived from the original on 2019-11-29. Retrieved 2020-01-06.
  6. ^ "Delek on Dankner". Archived from the original on 2007-12-26. Retrieved 2008-06-20.
  7. ^ "Press Releases - Starbucks Dissolves Joint Venture with the Delek Group of Israel". Archived from the original on 2014-08-19. Retrieved 2014-08-20.
  8. ^ The Bob Bey Property Report Archived 2009-01-27 at the Wayback Machine
  9. ^ "UN rights office issues report on business activities related to settlements in the Occupied Palestinian Territory". Office of the United Nations High Commissioner for Human Rights. 12 February 2020. Retrieved 5 July 2021.
  10. ^ "UN Security Council Resolution 2334, 2016 (S/RES/2334(2016))". United Nations Security Council. 23 December 2016. Retrieved 5 July 2021.
  11. ^ "Database of all business enterprises involved in certain activities relating to Israeli settlements in East Jerusalem and the West Bank (A/HRC/43/71)". UN OCHA. 12 Feb 2020. Retrieved 2021-09-12.
  12. ^ Fouche, Gwladys; Jessop, Simon (5 July 2021). "Nordic fund KLP excludes 16 companies over links to Israeli settlements in West Bank". Reuters. Retrieved 2021-09-13.