Kenon (KEN) has released an update.
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OPC Energy Ltd., a subsidiary of Kenon Holdings Ltd., has announced plans to raise approximately $210 million through a new share offering, aiming to enhance its capital structure and potentially increase its stake in two power plants. The offering will be conducted through a public tender in Israel, with Kenon signaling its intention to participate with an order of around $115 million. However, the execution of the offering is contingent upon regulatory approvals and the discretion of OPC’s Board of Directors.
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