Ellomay Capital completes sale of Ellomay Luzon Energy stake for NIS 559.8 million
Ellomay Capital Ltd
Ellomay Capital Ltd ELLO | 0.00 |
- Ellomay Capital completed sale of its 50% stake in Ellomay Luzon Energy to Amos Luzon Development and Energy Group, exiting indirect exposure to Dorad Energy.
- Final purchase price set at NIS 559.8 million, based on Dorad valuation of NIS 4.4 billion and netting NIS 182.7 million tied to 50% of Ellomay Luzon Energy net debt.
- NIS 166.2 million of proceeds placed in a pledged bank account as collateral linked to removal of pledges on shares sold.
- Funds earmarked for early repayment of Series E Secured Debentures due May 24, 2026, totaling about NIS 170 million.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ellomay Capital Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605101200PRIMZONEFULLFEED9717049) on May 10, 2026, and is solely responsible for the information contained therein.
