Ellomay Capital Ltd. (AMEX:ELLO) announced a private placement of 450,000 ordinary shares at a price of ILS 70.5 per share for gross proceeds of ILS 31,725,000 on July 9, 2020. The transaction will included participation from Israeli institutional and classified investors. The transaction has been approved by board of director of the company. The closing of the transaction is subject to the receipt of regulatory approvals, which are expected to be obtained during July 2020.