<a href="https://laohu8.com/S/ELLO">Ellomay Capital Ltd</a>. Awaits Israeli Competition Authority's Decision on Dorad Energy Share Acquisition as Deadline Extended
Ellomay Capital Ltd. has announced an extension in the deadline for the consummation of its purchase of Dorad Energy Ltd.'s shares, due to ongoing regulatory reviews. The Israeli Competition Authority has requested an extension until July 15, 2025, to decide on the potential sale of 7.5% of Dorad's shares to Edelcom Ltd., another shareholder with a right of first refusal. Additionally, Ellomay Luzon Energy, a subsidiary of Ellomay Capital, has received approval from the Israeli Electricity Authority to purchase 7.5% of Dorad's shares. Ellomay Luzon Energy is also seeking updated approval to purchase the full 15% of shares offered, should Edelcom's purchase not proceed. The completion of these transactions also depends on the sale of 10% of Dorad's shares to The Phoenix Insurance Company Ltd. and approval from Dorad's board of directors.
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