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Ellomay ( (IL:ELLO) ) has shared an update.
Ellomay Capital Ltd. announced an update regarding its exercise of the right of first refusal for 7.5% of Dorad Energy Ltd.’s shares, following previous reports submitted in March, April, May, and June 2025. The company has secured approvals from the Israeli Electricity Authority and the consortium of lenders for this acquisition. However, the completion of the acquisition is contingent upon the sale of 10% of Dorad’s shares to The Phoenix Insurance Company Ltd. and its affiliates, as well as the approval from Dorad’s board of directors. These conditions are beyond Ellomay Luzon Energy’s control, and the company is unable to predict when they will be fulfilled.
More about Ellomay
Ellomay Capital Ltd. operates in the energy sector, focusing on renewable energy projects. The company is involved in the development, construction, and operation of power plants, with a market focus on regions such as Israel, Spain, Italy, and the United States.
YTD Price Performance: 2.61%
Average Trading Volume: 4,587
Current Market Cap: ILs765.6M
See more data about ELLO stock on TipRanks’ Stock Analysis page.