Edelcom Seeks Court Intervention Over Dorad Energy Share Sale as Ellomay Capital Faces Legal Battle

Reuters

07/29

Edelcom Seeks Court Intervention Over Dorad Energy Share Sale as Ellomay Capital Faces Legal Battle

Ellomay Capital Ltd. is currently embroiled in a legal dispute following Edelcom Ltd.'s recent court actions. On July 27, 2025, Edelcom filed a statement of claim against Dorad Energy Ltd., Ellomay Luzon Energy, Zorlu Enerji Elektrik Üretim A.S, and other Dorad shareholders. The claim seeks declaratory judgments and orders to reverse the sale of 7.5% of Dorad's outstanding shares from Zorlu to Ellomay Luzon Energy, advocating instead for the enforcement of a prior securities purchase agreement between Zorlu and Edelcom. This legal move follows an earlier rejected request by Edelcom for temporary injunctions related to the matter. The court has scheduled a hearing for August 13, 2025, with respondents required to respond by July 30, 2025. The outcome of this litigation could significantly impact the ongoing acquisition processes involving Dorad's shares.

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. Ellomay Capital 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: 0001213900-25-068227), on July 28, 2025, and is solely responsible for the information contained therein.

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On July 27, 2025, Edelcom filed a statement of claim against Dorad <a href=\"https://laohu8.com/S/92E.AU\">Energy Ltd</a>., Ellomay Luzon Energy, Zorlu Enerji Elektrik Üretim A.S, and other Dorad shareholders. The claim seeks declaratory judgments and orders to reverse the sale of 7.5% of Dorad's outstanding shares from Zorlu to Ellomay Luzon Energy, advocating instead for the enforcement of a prior securities purchase agreement between Zorlu and Edelcom. This legal move follows an earlier rejected request by Edelcom for temporary injunctions related to the matter. The court has scheduled a hearing for August 13, 2025, with respondents required to respond by July 30, 2025. The outcome of this litigation could significantly impact the ongoing acquisition processes involving Dorad's shares.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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. Ellomay Capital 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: 0001213900-25-068227), on July 28, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ELLO","symbol_name":"Ellomay Capital Ltd","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250728:nNDL2gkPTc:1","article_id":"2555402709","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2555402709","pubTimestamp":1753733771,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Ellomay Capital Ltd. is currently embroiled in a legal dispute following Edelcom Ltd.'s recent court actions. On July 27, 2025, Edelcom filed a statement of claim against Dorad Energy Ltd., Ellomay Luzon Energy, Zorlu Enerji Elektrik retim A.S, and other Dorad shareholders. The claim seeks declaratory judgments and orders to reverse the sale of 7.5% of Dorad's outstanding shares from Zorlu to Ellomay Luzon Energy, advocating instead for the enforcement of a prior securities purchase agreement between Zorlu and Edelcom. This legal move follows an earlier rejected request by Edelcom for temporary injunctions related to the matter. The court has scheduled a hearing for August 13, 2025, with respondents required to respond by July 30, 2025. 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The claim seeks declaratory judgments and orders to reverse the sale of 7.5% of Dorad's outstanding shares from Zorlu to Ellomay Luzon Energy, advocating instead for the enforcement of a prior securities purchase agreement between Zorlu and Edelcom. This legal move follows an earlier rejected request by Edelcom for temporary injunctions related to the matter. The court has scheduled a hearing for August 13, 2025, with respondents required to respond by July 30, 2025. The outcome of this litigation could significantly impact the ongoing acquisition processes involving Dorad's shares.\n      \n\nDisclaimer: 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. 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