OPC Energy Ltd., Kenon Holdings Subsidiary, Announces Potential $230 Million Capital Raise

Reuters
06/09
OPC <a href="https://laohu8.com/S/92E.AU">Energy Ltd</a>., Kenon Holdings Subsidiary, Announces Potential $230 Million Capital Raise

Kenon Holdings Ltd.'s subsidiary, OPC Energy Ltd., is considering a capital raise through offering new shares, potentially amounting to approximately NIS 810 million ($230 million). The company plans to hold a preliminary tender for qualified investors on June 10, 2025. Kenon Holdings has expressed its intention to participate by investing around NIS 440 million ($125 million). The funds are intended to partly finance the CPV Group's share in the Basin Ranch project or for other purposes determined by OPC. The offering is contingent on approval from the Tel Aviv Stock Exchange and OPC's Board of Directors.

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: 0001178913-25-002137), on June 09, 2025, and is solely responsible for the information contained therein.

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