Yanai Reportedly Seeks Clal's Ellomay Stake Toward Delisting
Published
Ofer Yanai, who controls Nofar Energy, has reportedly approached Clal Insurance about buying its 10.8% stake in Ellomay ahead of a proposed tender offer and delisting. Nofar already holds 75% of the renewable-energy company, which trades in Israel and the United States. Clal is expected to seek a premium of at least 20%, while buying all public holdings is estimated to cost NIS 250 million to NIS 300 million. The approach remains under negotiation, and no completed acquisition or delisting has been reported.