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Edeltech in talks to buy 50% of Hagit power plant from Shikun & Binui

Shikun & Binui logoShikun & Binui
Sig4.35Sen+1.65Env0.00Soc0.00Gov+0.60

Edeltech, controlled by Ori Edelsburg, is in preliminary talks to buy a 50% stake in the Hagit power plant from Shikun & Binui Energy, estimated at about NIS 1 billion, or NIS 800 million net of debt. The stake sale sits within Shikun & Binui Energy’s signed deal with Generation Capital that has yet to close, and Edeltech is also negotiating work on the Sorek power plant.

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