Kenon Holdings Ltd. announced that its subsidiary, OPC Energy Ltd., has completed a private placement of 5,529,322 ordinary shares to several institutional investors in Israel, raising gross proceeds of approximately NIS 340 million (about $100 million) at a price of NIS 61.50 per share. In a separate transaction, Kenon also committed to sell 5,422,648 OPC ordinary shares to institutional investors at NIS 62.70 per share, also for gross proceeds of approximately NIS 340 million. Following these transactions, Kenon is expected to hold approximately 47% of OPC's ordinary shares. The new shares from the private placement represent about 1.83% of OPC's issued and outstanding shares. The private placement is subject to approval by the Tel Aviv Stock Exchange.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kenon Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001178913-25-003909), on November 20, 2025, and is solely responsible for the information contained therein.
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