Renewable firm Ellomay earmarks NIS 166m from Dorad sale for debt
Ellomay Capital has completed the sale of its indirect 33.75% holding in Dorad Energy, through its 50% stake in Ellomay Luzon Energy, for a final purchase price of NIS 559.8 million. The deal, based on a NIS 4.4 billion valuation for Dorad, sees NIS 166.2 million earmarked as collateral for the early repayment of approximately NIS 170 million in Series E Secured Debentures by May 24, 2026. This transaction aims to enhance Ellomay’s financial flexibility and sharpen its focus on core renewable energy project development in Europe, USA, and Israel.