Azrieli Group in talks to sell energy firm Sonol

Posted by Joseph R. Fonseca
Sunday, June 08, 2014

 

Israeli property Developer Azrieli Group Said on Sunday it is in Talks to Sell Energy Company Sonol Israel to S. Shlomo Holdings Holding Company.

Sonol is fully owned by Azrieli Subsidiary Granite Hacarmel . Refined Petroleum Products It distributes and Operates a chain of service stations Nationwide.

Azrieli Group , which has Numerous Investments in Israel , INCLUDING Several shopping MALLS, Gave no further details of the Negotiations.

Financial daily Globes reported the deal could be worth 500 million shekels ($ 144.62 million).

(Reporting by Ari Rabinovitch )

($ 1 = 3.4574 Israeli Shekels) 

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