Kenon Holdings Ltd.'s subsidiary, OPC Energy Ltd., is considering a capital raise through offering new shares, potentially amounting to approximately NIS 810 million ($230 million). The company plans to hold a preliminary tender for qualified investors on June 10, 2025. Kenon Holdings has expressed its intention to participate by investing around NIS 440 million ($125 million). The funds are intended to partly finance the CPV Group's share in the Basin Ranch project or for other purposes determined by OPC. The offering is contingent on approval from the Tel Aviv Stock Exchange and OPC's Board of Directors.
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