Brief: Ellomay Capital Says All Conditions Precedent Were Met Under Conditional License Issued To Pumped Storage Hydro Project
14/02/2021 09:29
Feb 14 (Reuters) - Ellomay Capital Ltd ELLO.TA :
* ELLOMAY CAPITAL -ALL CONDITIONS PRECEDENT WERE MET UNDER
CONDITIONAL LICENSE ISSUED TO PUMPED STORAGE HYDRO PROJECT TO BE
CONSTRUCTED IN MANARA CLIFF
* COMPANY INDIRECTLY OWNS 83.333% OF ELLOMAY PUMPED STORAGE
LTD.
WHICH OWNS MANARA PROJECT
* MANARA PROJECT IS PROJECTED TO COST APPROXIMATELY NIS 1.53
BILLION
* ELLOMAY CAPITAL-PROJECT FINANCE WILL BE PROVIDED BY
CONSORTIUM
OF ISRAELI BANKS INSTITUTIONAL INVESTORS, ARRANGED AND LED BY
MIZRAHI-TEFAHOT BANK LTD
Source text for Eikon: ID:nPn2k9NyFa
Further company coverage: ELLO.TA
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