Offer for the Purchase of the Participation Units of the Partnership

Source Company Press Release
Company Delek Group Ltd., ADNOC, BP Plc.
Tags Country: Israel, M&A: Corporate Deal, Deals, Upstream: Upstream News
Date March 28, 2023

On 27 March 2023 the General Partner received a non-binding indicative offer (the "Offer") from Abu Dhabi National Oil Company P.J.S.C. and BP Exploration Operating Company, a consortium of two international energy companies (jointly, the "Consortium"), regarding a possible transaction pursuant to which the Consortium will purchase, in cash, all of the Partnership's participation units (the "Units") that are held by the public and some of the units held by Delek Group Ltd., the controlling holder of the Partnership ("Delek Group"), subject to certain terms and conditions (the "Transaction").

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