Israeli conglomerate Delek Belron has said it is in negotiations for or considering buying some £2.2 bn of real estate in western Europe and Canada. These deals include participation in the purchase of the Marriott Hotels chain and the highway service station operator RoadChef, both in the UK. Listed on the Tel Aviv stock market, Delek Beltron is valued at $2.5 bn. Its property unit Delek Real Estate acquired RoadChef last week from Nikko Principal Investment for £375 mln, including debt.
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