Every Spin-Off
Paz Ashdod Refinery
CompletedILRuns the oil refinery at Ashdod, Israel, turning crude into petrol, diesel, jet fuel and other products for the Israeli market.
Paz Oil spun off its loss-making Ashdod oil refinery, distributing about 80.1% of the refinery's shares to Paz shareholders as an in-kind dividend (Paz kept 4.99% and the Shapir group bought 15% with an option on more), with the refinery listed on the Tel Aviv Stock Exchange.
- Distribution date
- 30 Aug 2023
- Structure
- Spin-off
- Parent
- Paz Oil Company (PZOL IT)
- Spin-off ticker
- Not recorded
- Listing
- Tel Aviv Stock Exchange
- Market
- Israel
- Sector
- Energy
- Size
- micro
Source documents
- Press releasePaz refinery completes spin-off (09/08/23)
- PresentationNot located
- Prospectus / demerger documentNot located
- Sourcebizportal.co.il (deal terms, 11/13/22)
- Sourcecalcalist.co.il (deal terms, 11/13/22)
Every Spin-Off research
No report on this situation yet. New reports are published on Substack first.
Receive reports by email