Kenon (KEN) has released an update.
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Kenon Holdings Ltd. has announced a significant $300 million equity investment by Harrison Street, a U.S. private equity infrastructure fund, in the renewable energy business of its subsidiary CPV Group. The investment secures a 33.33% stake in CPV Renewable Power LP and is part of a transaction valuing the subsidiary at approximately $600 million pre-money. The deal includes conditions such as regulatory approvals and is expected to be completed within the next three months.
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