Ellomay Capital Sells Controlling Stake for NIS 1 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2025
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Source: Newsfilter
- Transfer of Control: Ellomay Capital announced the sale of approximately 45.9% of its shares to Nofar Energy for a valuation of NIS 1 billion (approximately $310.4 million), aimed at ensuring an orderly transition and continued growth for the company.
- Strategic Milestone: Nofar CEO Ofer Yannay stated that this acquisition not only expands Nofar's portfolio but also allows entry into the conventional energy sector through Ellomay's stake in the Dorad power plant, thereby enhancing its production mix.
- Management Stability: Current CEO Ran Fridrich will continue in his role, ensuring management stability during the transition and maintaining continuity of the employee and management backbone.
- Regulatory Approval Requirements: The completion of the transaction is subject to regulatory approvals from the Israeli Electricity Authority and the Competition Commissioner, expected within 90 days, with potential extensions indicating the transaction's uncertainty.
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About ELLO
Ellomay Capital Ltd is an Israel-based principally active in filed of production of renewable and clean energy. The Company owns photovoltaic (PV) plants that are operating and connected to their respective national grid in Spain is Israel. In Addition Company's holds shares in Dorad Energy Ltd which operated power plant in the vicinity of Ashkelon; Groen Gas Goor BV and of Groen Gas Oude-Tonge BV, project companies developing anaerobic digestion plants with a green gas production in the Netherlands; Talasol Solar SL, which is involved in a project to construct a photovoltaic plant in Spain; Chashgal Elyon Ltd, Agira Sheuva Electra, LP and Ellomay Pumped Storage (2014) Ltd, all of which are involved in a project to construct a pumped storage hydro power plant in the Manara Cliff in Israel.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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