05 August 2010 17:54 [Source: ICIS news]
TORONTO (ICIS)--Delek US Holdings is targeting a major refining acquisition in North America, with an estimated “all-in value of $500m (€380m),” the ?xml:namespace>
“We see a lot of refining assets being in the market … this is the right time for us to strike,” chief executive Ezra Uzi Yemin told analysts during a conference call.
A possible deal could be worth up to $500m, Yemin said and went on to note the support the US affiliate has from its parent, Netanya-based Delek Group.
Delek US already operates a 60,000 bbl/day refinery in
Yemin's remarks came after Delek and Shell this week ended negotiations over the acquisition of Shell’s 130,000 bbl/day refinery in
Yemin would not comment as to why the
Shell had demanded C$500m, RDI reported, citing unnamed union and government officials close to the talks.
Shell had been under pressure from
($1 = €0.76; $1 = C$1.02)
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