Israel’s Delek Group is selling all “non-core” assets as it tries to raise the cash to pay bondholders and banks IS2.12bn ($600mn) due by end-2020. Auditors EY placed a “going concern” warning on the firm in its (delayed) 2019 annual report released 3 May.

Formerly a broad-ranging conglomerate, Delek has sought since 2017 to “become a leading E&P pure play.” (CONTINUED - 389 WORDS)