Yitzhak Tshuva's Delek Group is considering buying 75% of Motorway Service Area from fellow Tshuva company Delek Real Estate. MSA's subsidiaries operate 29 RoadChef roadside service compounds, which contain filling stations, restaurants and hotels, in 20 locales throughout Britain.
Delek Real Estate and Delek Petroleum (a Delek Group company) jointly acquired MSA at the end of March 2007 for 158 million pounds sterling. Delek Real Estate's 75% stake is valued at 118.5 million pounds. MSA has corporate bond debt totaling 175 million pounds, debt that Delek Group would take over if the purchase goes through.
