Delek Global Real Estate, the AIM-listed developer, is to be taken private by its parent company, Delek Belron International (DBI). In a statement on Tuesday, the board of directors of DBI announced the terms of a proposal to acquire the remaining 15% stake it did not own in DGRE for a price of 50 pence a share, representing a 5% premium on the value of DGRE shares on Tuesday of 47.5 p. The proposal requires the approval of the DGRE's shareholders and the sanction of the Court. The bid values the entire issued share capital of DGRE at £133 mln (EUR 145 mln).
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