tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Ellomay Capital Expands Stake in Dorad Energy to 33.75%

Story Highlights
  • Ellomay Capital’s subsidiary acquired an additional 15% of Dorad Energy’s shares.
  • The acquisition enhances Ellomay’s energy sector position and involves a legal challenge by Edelcom.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Ellomay Capital Expands Stake in Dorad Energy to 33.75%

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The latest update is out from Ellomay ( (IL:ELLO) ).

On July 22, 2025, Ellomay Capital Ltd. announced that its subsidiary, Ellomay Luzon Energy, completed the acquisition of an additional 15% of Dorad Energy’s shares, increasing its total holdings to 33.75%. This acquisition was made through the exercise of a right of first refusal and was funded by a bank loan agreement. The acquisition strengthens Ellomay’s position in the energy sector, particularly in Israel, and may have implications for its financial arrangements and stakeholder interests. A legal challenge by Edelcom regarding the sale was rejected by the court, with further proceedings scheduled for August 6, 2025.

More about Ellomay

Ellomay Capital Ltd. is an Israeli-based company focused on the renewable energy and power sectors across Europe, the USA, and Israel. Since 2009, Ellomay has invested in various renewable and clean energy projects, including solar power plants in Spain and Italy, anaerobic digestion plants in the Netherlands, and a pumped storage hydro power plant in Israel. The company also holds interests in Dorad Energy Ltd., which operates one of Israel’s largest private power plants.

Average Trading Volume: 5,374

Current Market Cap: ILs761.1M

For an in-depth examination of ELLO stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1