ECONOMY

Israelis eye gas stations

Israeli conglomerate Delek Group is examining the possibility of participating in a tender to buy gas stations in Greece. Delek said in a statement to the Tel Aviv Stock Exchange on Sunday that there was no certainty that it would bid. Israeli financial newspaper Calcalist reported that Delek was looking into buying 600 gas stations from Royal Dutch Shell for between 250 million euros and 300 million. Calcalist noted that Shell would be exiting the Greek market. The newspaper said Delek’s controlling shareholder, Yitzhak Tshuva, spent two days in Greece last week to study the deal. Shell has been in talks with the country’s two oil refineries, Hellenic Petroleum and Motor Oil, over the sale of its network in Greece, according to local press reports. Market sources have indicated that BP is also considering withdrawing from Greece, due to recent drops in profits and because of steps taken by the government to boost competition in the sector.