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Ellomay ( (IL:ELLO) ) has provided an update.
On July 14, 2025, Ellomay Capital Ltd. announced the completion of the transfer of 10% of Dorad Energy Ltd.’s shares to The Phoenix Insurance Company Ltd. This transaction fulfills the conditions for Ellomay Luzon Energy to proceed with the purchase of 7.5% of Dorad’s shares, as part of a right of first refusal agreement. The deadline for this purchase is set for July 22, 2025. This strategic move is expected to strengthen Ellomay’s position in the energy market, potentially impacting its operations and stakeholder interests.
More about Ellomay
Ellomay Capital Ltd. operates in the energy sector, focusing on renewable energy and infrastructure projects. The company is involved in the development, ownership, and operation of power plants, with a market focus that includes regions such as Israel, Spain, Italy, and the United States.
Average Trading Volume: 5,118
Current Market Cap: ILs745.6M
See more insights into ELLO stock on TipRanks’ Stock Analysis page.