Israeli Institutional Investors Plan Over NIS 1 Billion Investment in PowerGen Energy Acquisition
How 4 Israeli newsrooms covered this story — translated into English and compared side by side.
By גולן חזני
First reported by Globes · Jul 28, 2026
What happened
Israeli institutional investors Migdal, Amitim, and Harel plan to invest over NIS 1 billion in PowerGen following its acquisition of Shikun & Binui Energy, which will more than double PowerGen's size and value it at NIS 7.7 billion. Phoenix Insurance will also invest, acquiring 10% of PowerGen's shares. The deal involves a reverse merger and financing through equity and debt.
- 01Migdal, Amitim, and Harel negotiate over NIS 1 billion investment in PowerGen's energy arm.
- 02Phoenix Insurance to invest for 10% of PowerGen shares, valuing it at NIS 3.25 billion pre-acquisition.
- 03PowerGen's valuation rises to NIS 7.7 billion after acquiring Shikun & Binui Energy.
- 04Deal structured as reverse triangular merger preserving licenses and contracts.
- 05Generation Capital to fund equity with NIS 800 million from own funds plus institutional cash.
- 06PowerGen's portfolio expands to 6.3 GW including gas, solar, storage, and international projects.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 4 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
