Brief: OPC Energy Signed Letter Of Intent To Acquire U.S Company CPV

Kenon Holdings

16/09/2020 20:52

Sept 16 (Reuters) - OPC Energy Ltd  OPCE.TA :
    * OPC ENERGY ENTERS THE FIELD OF ELECTRICITY AND RENEWABLE
ENERGY
IN THE UNITED STATES: SIGNED LETTER OF INTENT TO ACQUIRE U.S
COMPANY CPV WITH INVESTMENT OF $ 700-800 MILLION
    * OPC ENERGY - NOTES THAT ITS HOLDING IN ACQUIRED COMPANY
MAY BE
ABOUT 70%
    * OPC ENERGY - INTENDS TO BRING IN A NUMBER OF INSTITUTIONAL
INVESTORS FROM ISRAELI CAPITAL MARKET AS PARTNERS IN TRANSACTION
    * OPC ENERGY - DEAL FINANCING EXPECTED TO BE BASED ON
RAISING
CAPITAL, RAISING DEBT, CASH BALANCES, OR A COMBINATION OF THEM
    * OPC ENERGY -  KENON HOLDINGS, WHICH CONTROLS OPC WOULD
SERIOUSLY
CONSIDER PARTICIPATING IN RAISING CAPITAL FOR DEAL FINANCING

Source text for Eikon:  ID:nPn3sW5y3a 
Further company coverage:  OPCE.TA 

 ((Reuters.Briefs@thomsonreuters.com;))