DivestmentSep 28, 2026, 06:10 AM
Kenon Holdings Sells Distributed Energy Business for $90M
AI Summary
Kenon Holdings Ltd. announced that its subsidiary, OPC Energy Ltd., has entered into an agreement to sell its distributed energy business in Israel to a subsidiary of Aluma Infrastructure Fund for approximately $90 million. The business includes about 52.2 MW of natural-gas-fired electricity generation facilities. The transaction is subject to customary closing conditions, including regulatory approval from the Israel Competition Authority, which must be satisfied within 180 days.
Key Highlights
- Kenon Holdings Ltd. subsidiary OPC Energy Ltd. to sell its distributed energy business in Israel.
- The sale includes approximately 52.2 MW of operational or near-operational natural-gas-fired electricity generation facilities.
- Aggregate consideration for the transaction is approximately NIS 272 million (approximately $90 million), subject to adjustments.
- Conditions precedent to completion include approval from the Israel Competition Authority within 180 days.
Price Impact
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