O.Y. Nofar Energy Ltd completed the acquisition of 45.90% stake in Ellomay Capital Ltd. from Kanir Joint Investments Limited Partnership, Anat Raphael and S. Nechama Investments 2008, Ltd.
O.Y. Nofar Energy Ltd (TASE:NOFR) executed an agreement to acquire 45.90% stake in Ellomay Capital Ltd. (NYSEAM:ELLO) from Kanir Joint Investments (2005) Limited Partnership, Anat Raphael and S. Nechama Investments 2008, Ltd. on December 16, 2025. As part of the acquisition, Ran Fridrich will continue as Chief Executive Officer of the Ellomay Capital. Ellomay will continue to operate in the ordinary course of business, while retaining its dedicated employees and management backbone, and will work to expand its activities in the future. The Trustee is required to convene such a meeting at the request of a holder that holds at least 5% of the outstanding par value of a series of debentures. Accordingly, the Trustee published a notice convening a joint meeting of holders of the Company?s Series E and Series F debentures to be held on Tuesday, December 30, 2025, for purposes of a discussion (which will not include a vote) regarding the expected sale of control stake. The Sellers will be selling their shares based on a Company valuation of ILS 1 billion (approximately $310.4 million), subject to customary adjustments.
The transaction is subject to approval by Israeli Electricity Authority and the Israeli Competition Commissioner. As of February 12, 2026, The conditions to closing to the acquisition by Nofar of control of the Company from three existing shareholders have been fulfilled. Nofar notes in its report that the consummation of this transaction is expected in the coming days. As the Company is not a party to the transaction, it cannot estimate the timing for the consummation of the transaction. As of February 18, 2026, Completion is expected in the coming days.
O.Y. Nofar Energy Ltd (TASE:NOFR) completed the acquisition of 45.90% stake in Ellomay Capital Ltd. (NYSEAM:ELLO) from Kanir Joint Investments (2005) Limited Partnership, Anat Raphael and S. Nechama Investments 2008, Ltd. on March 4, 2026. In connection with the sale of the shares, two members of Ellomay Board of Directors, Anita Leviant and Ehud Gil, resigned from the Board effective immediately and the Chairman of the Board of Directors, Ben Sheizaf, informed the Company that he will resign from the Board of Directors effective 30 days from the consummation of the sale of the shares. The Board of Directors unanimously appointed two new independent non-executive directors to fill the vacancies created Odelya Ohayon and Gilad Mamlok. Mamlok was appointed as a member of the Audit Committee and the Compensation Committee, replacing Leviant.
OY Nofar Energy Ltd is an Israel-based company. The Company itself and through subsidiaries is active in producing clean electricity from solar energy and constructing of storage systems electricity in batteries in Israel, the USA and Europe. The Group's activity is divided into three areas of activity such as, Initiation and investment in Israel - the Company engages in initiation and holding activities of systems for generating electricity from solar energy in Israel, on roofs, water reservoirs and soils and systems for storing electricity in batteries; Construction and operation in Israel - the group is engaged in construction (EPC), operation and maintenance (M&O) of solar systems and storage systems; Initiating and investing in renewable energies abroad - The Group engages in the initiation, development, establishment, financing, management, operation and holding of Systems for generating electricity from solar, wind energy and storing electricity in batteries.
O.Y. Nofar Energy Ltd completed the acquisition of 45.90% stake in Ellomay Capital Ltd. from Kanir Joint Investments Limited Partnership, Anat Raphael and S. Nechama Investments 2008, Ltd.
