Israeli corporation Delek Group is closing in on the purchase of 29 service station facilities in the UK, various reports have suggested.

Delek’s subsidiary, Delek Belron International, had begun the due diligence process on the assets, which could fetch up to GBP400 million.

The 29 sites are RoadChef-branded motorway service stations belonging to Nikko Capital Investments. The assets include petrol stations, convenience stores, commercial space and accommodations.

The development comes as part of a wider policy by Delek to acquire service station assets in Europe. In October, the company agreed a deal to buy a portfolio of service stations in Finland and, in November, Delek entered into negotiations to buy forecourt facilities in the Benelux region from US oil major Chevron.