Bloomberg News

Delek Automotive Unit Buys 84% Stake in Kamor

December 14, 2011

(Corrects amount Kamor received for sale.)

Dec. 14 (Bloomberg) -- Delek Automotive Systems Ltd. said its unit has completed the acquisition of an 84 percent stake in Kamor Motors Ltd., and has 100 percent of Kamor shares after the deal, according to a filing with the Tel Aviv Stock Exchange yesterday night. Kamor Ltd. said it received a total of 151 million shekels for the sale of Kamor Motors to Delek.

--Editors: Riad Hamade, Andrew J. Barden

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

To contact the editor responsible for this story: Calev Ben-David at cbendavid@bloomberg.net


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