Delek Israel in Talks to Buy Eventim Stake in Zappa for 20 Million NIS
Delek Israel is negotiating to buy Eventim's 40.5% stake in the Zappa concert chain for 20 million NIS, following a legal dispute, bringing its total stake to 81%.
Delek Israel is currently negotiating the acquisition of German entertainment giant Eventim’s 40.5% stake in the Zappa concert club chain, following a legal dispute between the partners. According to details obtained by Calcalist, the transaction is valued at 20 million NIS, which will elevate Delek Israel’s ownership to 81%. Businessperson Golan Einat holds the remaining 19%.
Transaction Terms and Regulatory Approvals
Upon completion of the deal, ticket sales for concerts—previously managed by Eventim—will transition to Delek’s direct responsibility. The finalization of the agreement is contingent upon various regulatory approvals, including clearance from the Competition Authority and banking institutions. Negotiations between Delek Israel and Eventim have been ongoing for over a year, and the deal is projected to close within several months once approvals are secured.
Zappa currently operates prominent concert venues across the country, including in Binyamina (Zappa Shuni), Haifa, Herzliya, Jerusalem, Latrun (Mini Israel), and Tel Aviv.
Background of the Legal Dispute
In early 2025, Delek Israel filed a lawsuit against Eventim in the Tel Aviv District Court, demanding an injunction to prevent the dilution of its stake in the joint venture and requesting the appointment of an accountant to examine the company's financial conduct and establish a separation mechanism.
Delek claimed that Eventim operated without transparency and suffered from irregularities, specifically alleging that the former CEO appointed by Eventim, Ami Feinstein, had alienated artists who subsequently refused to work with Zappa.
Eventim strongly denied the allegations, calling the lawsuit false and emphasizing that Zappa venues remain packed with performances. Despite both parties injecting millions of NIS into the company, strained relations and ongoing crises impacted Zappa—which originally pioneered dinner-and-show venues in the country—paving the way for strong new competitors such as ToMix and Kupat Tel Aviv.
