Sign in Subscribe
Renewable energy

Ellomay Capital Ltd. Announces Private Placement of NIS 50 Million

Strategic Insights

— 1 min read

Ellomay Capital Ltd. has announced that it received commitments from several Israeli institutional investors to purchase 926,000 ordinary shares of the Company in a private placement. The price per share was set at NIS 54, with gross proceeds to the Company expected to be approximately NIS 50 million. The Private Placement is subject to regulatory approvals, which are expected to be obtained during July 2025. The Company intends to use the net proceeds for general corporate purposes.

Key Takeaways:

  • Ellomay Capital Ltd. has received commitments from several Israeli institutional investors to purchase 926,000 ordinary shares in a private placement, with a price per share of NIS 54 and gross proceeds expected to be approximately NIS 50 million.
  • The Private Placement is subject to regulatory approvals, which are expected to be obtained during July 2025.
  • The Company plans to use the net proceeds from the offering for general corporate purposes.
  • Menora Mivtachim Holdings Ltd., an affiliate which holds securities for the benefit of members of provident funds or pension funds, is expected to become an interested party in the Company, holding approximately 6% of the Company's outstanding shares.
  • The Private Placement is a non-public offering in Israel only and will not be registered under the U.S. Securities Act of 1933, as amended.
  • The Company's shares, if sold, will not be offered or sold in the United States without registration or applicable exemption from the registration requirements according to the U.S. Securities Act of 1933.

Statistics:

  • 926,000: Number of ordinary shares to be purchased by Israeli institutional investors in the private placement.
  • NIS 54: Price per share of the private placement.
  • NIS 50 million: Expected gross proceeds from the private placement.
  • 160 MW: Aggregate capacity of solar projects in Italy owned by the Company with construction processes commenced.
  • 134 MW: Aggregate capacity of solar projects in Italy owned by the Company with "ready to build" status.
  • 27 MW: Aggregate capacity of solar projects in the Dallas Metropolitan area, Texas, USA owned by the Company and connected to the grid.
  • 22 MW: Aggregate capacity of solar projects in the Dallas Metropolitan area, Texas, USA owned by the Company awaiting connection to the grid.

Sources:

  • Ellomay Capital Ltd.'s press release dated July 14, 2025.
  • The Tel-Aviv Stock Exchange's trading data for Ellomay Capital Ltd. dated July 8 and July 9, 2025.

Read more