Ellomay Capital Ltd. (AMEX:ELLO) announced a private placement of 715,000 ordinary shares at a price of ILS 70 per share for gross proceeds of ILS 50,050,000 on January 30, 2020. The company will also issue warrants to purchase an additional 178,750 ordinary shares at an exercise price of ILS 80 per share. The transaction will included participation from two leading Israeli institutional investors. The transaction has been approved by board of director of the company. The transaction is subject to the receipt of regulatory approvals, which are expected to be obtained during February 2020.