In June 2025, OPC Energy Ltd. completed a share offering, successfully raising gross proceeds of NIS 850 million, which is approximately $240 million. The offering involved the issuance of 21,313,000 ordinary shares.
Kenon Holdings Ltd. participated in this offering, purchasing 7,923,600 ordinary shares for approximately NIS 316 million, or about $90 million. This participation demonstrates Kenon's continued commitment to its core power generation assets and maintaining a significant stake in OPC.
OPC reported its intention to use a portion of these proceeds to fund CPV Group's share in the equity required for the Basin Ranch project, if that project proceeds, and/or for other strategic purposes determined by OPC.
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