IC Power Ltd. executed a binding memorandum of understanding to acquire Advanced Integrated Energy Ltd. from Hadera Paper Ltd. for ILS 60 million.
As on June 8, 2015, IC Power Ltd. executed an agreement to acquire Advanced Integrated Energy Ltd. from Hadera Paper Ltd. (TASE:HAP). IC Power Ltd. and Hadera Paper have the right to terminate the agreement if the conditions are not met by the end of 2015. Ehud Helft and Kenny Green of GK Investor Relations acted as PR advisor for Kenon Holdings Ltd, parent of IC Power Ltd.