Ellomay Capital Ltd. announced the sale of its indirect holdings in Dorad Energy Ltd. for approximately NIS 560 million, based on a Dorad valuation of NIS 4.4 billion, subject to regulatory approvals.
Key takeaways
Ellomay Capital agreed to sell its indirect 50% stake in Ellomay Luzon Energy Infrastructures Ltd. to Amos Luzon Development and Energy Group Ltd.
The sale is based on a valuation of Dorad Energy Ltd. at NIS 4.4 billion, resulting in consideration of approximately NIS 560 million for Ellomay's interest.
The transaction is subject to approvals from the Israeli Electricity Authority, Israeli Competition Authority, and Ellomay Luzon Energy's lenders.
The share purchase agreement was signed on March 27, 2026, with a deadline for closing conditions of seven and a half months from signing.
Each party deposited NIS 72 million in escrow, with provisions for liquidated damages if a party materially breaches the agreement.