Monitor for Israel Competition Authority approval within the 180-day window; completion risk is moderate. The sale is modest relative to Kenon's overall portfolio and likely non-core, so limited near-term stock impact expected.
Price Chart
Executive Summary
Kenon Holdings' subsidiary OPC Energy has agreed to sell its distributed energy business for approximately $90 million (NIS 272 million). The transaction involves 52.2 MW of natural-gas-fired generation facilities in Israel and is subject to regulatory approval within 180 days.
Key Facts
- OPC Energy subsidiary entered agreement to sell distributed energy business to Aluma Infrastructure Fund subsidiary
- Aggregate consideration approximately NIS 272 million (~$90 million)
- Business includes ~52.2 MW of natural-gas-fired generation facilities operational or nearing completion
- Conditions precedent include Israel Competition Authority approval, to be satisfied within 180 days
- OPC subsidiary must complete construction of unfinished facilities at its own expense
Financial Impact
Approximately $90 million aggregate consideration, subject to interest and adjustments
Risk Factors
- Transaction may not close if regulatory approval is denied or delayed
- OPC subsidiary bears construction completion costs for unfinished facilities
- Consideration subject to adjustments that could reduce final proceeds
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001178913-26-004619 |
| Exhibit: exhibit_99-1.htm | 0001178913-26-004619 |
| Document: 0001178913-26-004619.txt | 0001178913-26-004619 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 26d ago | Press Release | $60.20 $62.06 | ▲ +3.09% | ▲ +1.18% | $64.03 (+6.36%) |
Sep 30, 2026 26d ago | 6-K | $60.20 $62.06 | ▲ +3.09% | ▲ +1.18% | $64.03 (+6.36%) |
Sep 28, 2026 28d ago | 6-K | $64.10 $61.21 | ▼ −4.51% | ▼ −5.71% | $64.03 (−0.11%) |
Sep 10, 2026 6w ago | 6-K | $65.15 $66.25 | ▲ +1.69% | ▲ +2.19% | $64.03 (−1.72%) |
Aug 19, 2026 9w ago | 6-K | $64.06 $66.20 | ▲ +3.34% | ▲ +3.73% | $64.03 (−0.05%) |
Aug 14, 2026 10w ago | 6-K | $66.49 $66.25 | ▼ −0.36% | ▲ +1.01% | $64.03 (−3.70%) |
Jun 22, 2026 18w ago | 6-K | $66.22 $67.61 | ▲ +2.10% | ▲ +2.55% | $64.03 (−3.31%) |
Jun 3, 2026 20w ago | 6-K | $81.40 $70.31 | ▼ −13.62% | ▼ −9.80% | $64.03 (−21.34%) |
Jun 1, 2026 21w ago | 6-K | $89.61 $75.10 | ▼ −16.19% | ▼ −13.44% | $64.03 (−28.55%) |
May 28, 2026 21w ago | 6-K | $91.82 $79.53 | ▼ −13.38% | ▼ −13.70% | $64.03 (−30.27%) |
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