DivestmentMay 10, 2026, 12:02 PM
Ellomay Capital Completes NIS 559.8M Sale of Ellomay Luzon Stake
AI Summary
Ellomay Capital Ltd. announced the consummation of the sale of its 50% holdings in Ellomay Luzon Energy Infrastructures Ltd. to the Amos Luzon Development and Energy Group Ltd. The final purchase price for the stake was NIS 559.8 million, based on a Dorad Energy Ltd. valuation of NIS 4.4 billion. Approximately NIS 166.2 million of the proceeds will be used for the early repayment of the Company's Series E Secured Debentures, scheduled for May 24, 2026. The company stated the sale enhances financial flexibility and supports the development of its project portfolio.
Key Highlights
- Ellomay Capital completed the sale of its 50% stake in Ellomay Luzon Energy Infrastructures Ltd.
- The final purchase price for the stake was NIS 559.8 million.
- The consideration was based on a Dorad Energy Ltd. valuation of NIS 4.4 billion.
- Ellomay's indirect holdings in Dorad were valued at NIS 742.5 million.
- Approximately NIS 166.2 million was deposited as collateral for Series E Secured Debentures.
- The proceeds will be used for the early repayment of approximately NIS 170 million Series E Secured Debentures.
- The transaction provides enhanced financial flexibility and supports project development.