Gil Agmon joins race to acquire Cal
The controlling shareholder in Delek Automotive Systems apparently seeks a valuation NIS 3.2-3.5 billion, but discussions are at a preliminary stage
Assessment
A new bidder has entered the contest for Cal, with Gil Agmon joining the race. The controlling shareholder of Delek Automotive Systems is reportedly targeting a valuation between NIS 3.2 and 3.5 billion. Talks remain preliminary, so the final price and deal structure are far from settled. The outcome will determine who controls a major Israeli asset and at what multiple.