Delek, the Israeli real estate investor, is in talks with Nikko Capital Investors, the owners of RoadChef, to acquire the motorway services business in a deal worth £450m, according to reports. Delek is believed to be willing to pay around £400m for the equity of the motorway services business and to pay off £50m in debt. Earlier this year, Nikko announced it would consider selling the 20-outlet chain, which made a pre-tax loss of £3.2m on sales of £298.4m in the 12 months to 25 September 2005. The move by Delek, follows the acquisition by Macquarie, the Australian investment bank, of Moto, the UK’s largest motorway services chain, from Compass, for an estimated £600m this summer. Welcome Break, the UK’s third largest motorway services operator, is also considering an approach for its business.