DivestmentMay 11, 2026, 06:08 AM
Ellomay Capital Completes Sale of Dorad Holdings for NIS 559.8M
AI Summary
Ellomay Capital Ltd. announced the consummation of the sale of its 50% indirect holdings in Dorad Energy Ltd. for a final purchase price of approximately NIS 559.8 million. The transaction was based on a Dorad valuation of NIS 4.4 billion. Proceeds from the sale will be used to support project development and enhance financial flexibility, with approximately NIS 166.2 million allocated for the early repayment of Series E Secured Debentures.
Key Highlights
- Ellomay Capital completed the sale of its 50% indirect holdings in Dorad Energy Ltd.
- The final purchase price for the indirect holdings was approximately NIS 559.8 million.
- The consideration was based on a Dorad valuation of NIS 4.4 billion.
- Ellomay's indirect holdings in Dorad were valued at NIS 742.5 million.
- Approximately NIS 166.2 million of the proceeds were deposited for early repayment of Series E Secured Debentures.
- The Series E Secured Debentures repayment is scheduled for May 24, 2026, for approximately NIS 170 million.