Altshuler Shaham Investment House has invested in the renewable energy company
OC Energy
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Under control
canon
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(69.7%). According to the report, the investment house will invest about NIS 350 million in a private placement in exchange for about 5.5% of the company’s shares, and at a price of NIS 34 per share, which reflects a discount of about 7% on the closing price last night. Recall that the energy company that completed the $ 648 million acquisition of the American CPV this week will enter the Tel Aviv 35 index in the semi-annual index update next weekend (4/2).
The value of the company this morning, including the money from the current private placement, is about NIS 7 billion. Along with Altshuler Shaham, the company’s current institutional stakeholders include Migdal Insurance and
All insurance business
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Earlier this week OPC completed its acquisition of control of the American company CPV, which allows it to enter the American market and in particular the field of renewable energies. The total consideration paid in the transaction for the purchase of CPV is approximately $ 648 million, and an additional consideration in the amount of approximately $ 95 million in respect of a 17.5% holding in the project that is under construction Three Rivers, which was paid through a seller loan. About three months ago, we reported that the company raised about NIS 737 million, through a share issue. The raising was made as part of the company’s preparations to complete the transaction.
Upon completion of the said transaction, OPC holds 70% of the shares in CPV, and the additional 30% is held by Clal, Migdal and Poalim Capital Markets.
Giora Almogi, CEO of OPC: “In exchange for the offering, the company will be used to further develop the company’s business and emphasize growth in the field of renewable energies in the United States.”
The offering was led by the underwriting company Barak Capital, managed by Zvika Mans.
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