Economy · Full coverage
Amos Luzon Sells 20% Stake in Energy Business for 223 Million Shekels
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
Unrated 2
First reported by Calcalist · 1 hour ago
What happened
Amos Luzon's group agreed to sell 20% of its energy business for 223 million shekels, valuing the Dorad power station at 4.4 billion shekels. This follows Luzon's full acquisition of the energy operations from Alomay and increases his stake to about 33.75%. The deal reflects a significant rise in Dorad's valuation amid growing sector interest.
- 01Amos Luzon sells 20% of his energy business for 223 million shekels.
- 02The Dorad power station is valued at 4.4 billion shekels in the deal.
- 03Luzon recently completed full acquisition of the energy operations from Alomay.
- 04Luzon's stake in Dorad power station rises to approximately 33.75%.
- 05Phoenix Insurance bought 10% of Dorad a year ago at a 2.8 billion shekel valuation.
- 06Luzon Group's market value surged nearly 190% over three years, now at 1.9 billion shekels.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
In this story
People
OrganizationsLuzon Group, Nofar Energy, Alomay, Phoenix Insurance, Zorlu, Gazit Globe, Luzon Energy, Ronson
Full coverage · 2 outlets
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