IC Power Completes Acquisition of AIE from Hadera Paper
PR Newswire - Tue Aug 11, 2:46AM CDT
On June 8, 2015, Kenon Holdings Ltd. (NYSE: KEN; TASE: KEN) announced that its wholly-owned subsidiary I.C. Power Ltd., or IC Power, had agreed to acquire 100% of the shares in Advanced Integrated Energy, or AIE, from Hadera Paper Ltd., or Hadera Paper, for NIS 60 million (approximately $16 million).
KEN: 10.00 (+0.10)
IC Power Executes Agreement with Hadera Paper in Respect of Power Plant in Israel
PR Newswire - Mon Jun 08, 8:44AM CDT
Kenon Holdings (NYSE: KEN, TASE: KEN) (Kenon) announced that IC Power Ltd. (IC Power), a wholly-owned subsidiary, announced today the execution of an agreement with Hadera Paper Ltd., pursuant to which IC Power has agreed to acquire from Hadera Paper 100% of the shares in Advanced Integrated Energy Ltd. (Integrated Energy). Integrated Energy holds a conditional license for the construction of a 120MW cogeneration power station and operates Hadera Paper's energy center at Hadera Paper's site which currently supplies electricity and steam to Hadera Paper's facility.
KEN: 10.00 (+0.10)