Kenon’s OPC Energy Completes $220M Capital Raise

Kenon (KEN) has released an update.

OPC Energy Ltd., a subsidiary of Kenon Holdings Ltd., has successfully completed an equity capital raise by issuing 31.25 million new shares at NIS 25.6 each, totaling approximately $220 million. Kenon participated in the offering, subscribing to about $120 million worth of shares, which will result in Kenon holding a 54.5% stake in OPC post-offering. The shares offered have not been registered in the U.S. and are subject to certain restrictions on sale in the States.

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