Mergers & Acquisitions
By The Online Investor Staff, updated Mon., Sep. 21, 12:09 AM
| This Slide: #10 of 100 |
Slide #10. OPC Energy Ltd. — CPV
Acquirer:
OPC Energy Ltd.
Acquiree:
CPV
Details:
OPC Energy Ltd. (TASE: OPCE) ("OPC"), Kenon Holdings Ltd.'s (NYSE: KEN) (TASE: KEN) ("Kenon") subsidiary today reports a strategic step, which puts it in significant activity in the US energy market. The company has signed a letter of intent to acquire control of an American company CPV, with an estimated investment of $ 700-800 million, part of which is also intended for investment in future projects of CPV. The deal is still subject to a number of approvals, and to the completion of the negotiation process between the parties.
