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Electra Completes Sale of Nigerian Contracting Operations for $15 Million

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Electra has completed the sale of its contracting operations in Nigeria for about $15 million, ending its business activity on the African continent. The deal is expected to produce pre-tax cash flow of roughly NIS 40 million, but will also trigger a projected NIS 35–40 million capital loss in Q3 driven by naira weakness against the shekel, after the sale of its OTS Omni Trading Services Marshall Limited unit.

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