Delek, Harel, British Israel, Melisron: Israeli Equity Preview

The following stocks may rise or fall in Israeli markets. Stock symbols are in parentheses after company names and prices are from the last close unless otherwise stated.

The TA-25 Index gained 1.4 percent to 1,077.79 in Tel Aviv.

Delek Group Ltd. (DLEKG) : Isaac Tshuva’s holding company, is in talks with HSBC Holdings Plc and Barclays Plc (BARC) for a loan of about 1 billion shekels ($267 million) to refinance Tamar gas-field debt and finance new equipment for Tamar, Calcalist reported, without saying where it got the information. A spokesman for Delek declined to comment when contacted by Bloomberg News. Delek shares rose 3.2 percent to 593 shekels.

Harel Insurance Investments & Financial Services Ltd. (HARL) : The insurer’s subsidiaries and a unit of Elco Holdings Ltd. (ELCO) completed the first stage of a three-part transaction to purchase properties in the U.S. Harel increased 2.1 percent to 149.80 shekels. Elco added 0.1 percent to 28.05 shekels.

Melisron Ltd. (MLSR) : The real-estate development company halted talks to sell a property in Yehud, Israel, to Reit 1 Ltd. (RIT1) (RIT1 IT) and its unit British Israel Investments Ltd. (BRTS) halted talks with Reit 1 for the sale of a property in Nahariya. Melisron rose 3,1 percent to 55.89 shekels. Reit 1 jumped 4 percent to 6.304 shekels. British Israel advanced 3.5 percent to 11.70 shekels.

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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