Kenon (KEN) has released an update.
OPC Energy Ltd., a subsidiary of Kenon Holdings Ltd., has announced plans to raise approximately $210 million through a new share offering, aiming to enhance its capital structure and potentially increase its stake in two power plants. The offering will be conducted through a public tender in Israel, with Kenon signaling its intention to participate with an order of around $115 million. However, the execution of the offering is contingent upon regulatory approvals and the discretion of OPC’s Board of Directors.
For further insights into KEN stock, check out TipRanks’ Stock Analysis page.
