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Full coverage· Economy· Updated

Generation Capital Nears $1.2 Billion Deal for Shikun & Binui Energy Amid Regulatory Hurdles

Generation Capital is close to acquiring Shikun & Binui Energy for 4.5 billion shekels, but faces regulatory hurdles from the Competition Authority and Electric Authority due to concerns about market concentration. The deal's approval may hinge on Generation Capital divesting some of its production assets.

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What happened

  1. 01Generation Capital is set to acquire Shikun & Binui Energy for 4.5 billion shekels.
  2. 02Regulators are concerned about increased market concentration from the deal.
  3. 03Approval may require Generation Capital to sell some of its assets.
  4. 04The CEO expressed confidence in reaching a compromise and finalizing the deal.
  5. 05The deal aims to enhance Israel's energy production and supply infrastructure.
Translated and summarized by baba from Ice, the latest report. Read Ice’s original

The coverage

2 newsrooms on this story

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