Delek Automotive Unit Buys 84% Stake in Kamor

(Corrects amount Kamor received for sale.)

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

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.