Supermarket operator Blue Square is planning to acquire a majority stake in Dor Alon, which operates 168 convenience stores and 183 petrol stations.

Blue Square executive chairman David Wiessman said: “The acquisition would combine the retail operations of the company and Dor Alon into one group creating the largest retail group in Israel.

“Additionally, the acquisition could enable the company to achieve a strong foothold in the convenience store sector.”