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Ellomay ( (IL:ELLO) ) just unveiled an announcement.
Ellomay Capital Ltd. has provided an update regarding its acquisition of 15% of Dorad Energy Ltd.’s shares, which was reported on July 22, 2025. The acquisition is facing legal challenges as Edelcom Ltd. has filed a claim against Dorad, Ellomay Luzon Energy, and other shareholders, seeking to reverse the sale of 7.5% of Dorad’s shares from Zorlu Enerji Elektrik Üretim A.S to Ellomay Luzon Energy. The court has scheduled a hearing for August 13, 2025, with responses to the injunction request due by July 30, 2025. This legal dispute could impact Ellomay’s strategic positioning and operations within the energy market.
More about Ellomay
Ellomay Capital Ltd. operates in the renewable energy sector, focusing on the development, construction, and operation of power plants. The company is involved in various projects across Israel, Spain, Italy, and the United States, with a market focus on renewable energy production and infrastructure.
YTD Price Performance: 0.37%
Average Trading Volume: 5,827
Technical Sentiment Signal: Buy
Current Market Cap: ILs778.7M
For a thorough assessment of ELLO stock, go to TipRanks’ Stock Analysis page.