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Ellomay Capital : to Sell its Indirect Holdings in Dorad Energy Ltd. based on a Dorad Valuation ofNIS 4.4 Billion
Ellomay Capital announced it will sell its indirect holdings in Dorad Energy Ltd. to the Luzon Group, based on a Dorad valuation of NIS 4.4 billion. The transaction, expected to generate a substantial profit for Ellomay, follows an Israeli court ruling for a separation process. The sale is subject to customary closing conditions and is anticipated to be consummated within seven and a half months.