Delek buys 25 gas stations in US

November 7, 2005 00:03
1 minute read.


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


Delek said Sunday that its subsidiary Delek US Holdings has bought 25 gas stations and four properties in Nashville, Tennessee for $33 million, excluding inventory, from BP Products North America. Under the agreement, Delek will gain ownership of 20 stations and the leasing rights to an additional five, each of which have convenience stores attached to them. Delek said that the four properties included in the deal have been designated as sites for future service stations, of which it will own three and have the leasing rights to the remaining one. The company added that the deal is expected to close next month and that the stations will continue to operate under the BP brand after it takes ownership. Delek currently has 234 gas stations and convenience stores which it operates mainly in Tennessee and Virginia. In March, the company bought an oil refinery in Tyler, Texas with a production capacity of 57,000 barrels of oil per day. The investment of $72m. included a 104-k.m. oil transportation pipeline. Delek shares rose 0.3 percent to NIS 56.65 in Tel Aviv.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection