Kenon Subsidiary Advances in Major Capital Raise

Kenon (KEN) has released an update.

Kenon Holdings Ltd.’s subsidiary, OPC Energy Ltd., is making headway in its equity capital raise, having received a substantial number of orders from qualified investors. Investors have shown keen interest, with orders amounting to approximately $220 million at a minimum unit price set for the ongoing offering, which includes Kenon’s significant $130 million purchase. The offering’s final terms will be decided following a public tender and are contingent upon regulatory approvals.

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