Bloomberg News

Delek Real Estate Rises to 3-Month High on Tshuva Fund Injection

December 01, 2011

Dec. 1 (Bloomberg) -- Delek Real Estate Ltd. soared to the highest level in more than three months after controlling shareholder Isaac Tshuva said he will inject additional funds into the company.

The shares surged 18 percent to 0.236 shekel, the highest level since Aug. 29, at the 4:30 p.m. close in Tel Aviv.

Delek Group Ltd., which has a 4.99 percent stake in Delek Real Estate according to data compiled by Bloomberg, advanced 2.7 percent to 708.20 shekels.

NI ISRAEL NI MOV

--Editors: Shanthy Nambiar, Claudia Maedler

-0- Dec/01/2011 14:33 GMT

-0- Dec/01/2011 14:39 GMT

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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