Generation Capital Signs Agreement to Acquire Shikun & Binui Energy in NIS 4.45 Billion Transaction


Read the articles published on Calcalist and The Marker.

Congratulations to our clients, Generation Capital and its subsidiary, Powergen, on signing an agreement for the acquisition of the TASE-traded Shikun & Binui Energy, Ltd.

The transaction, at a valuation of NIS 4.45 billion, is to be completed through a reverse triangular merger, subject to obtaining the required regulatory approvals.

We are proud to have represented Generation Capital and Powergen in this landmark mega transaction.

The EBN legal team who handled the transaction included Doni Toledano, Shay Dayan, Jonathan Achiron, Eyal Wiesel and Tamar Lia Toledano from the M&A Department, as well as Uri Mandel, Oren Tal, Yaron Cohen, Mohammad Bassam, Gwen Carmen, Shada Samara and Netta Ben Simon Tentzer from the Energy, Infrastructure & Project Finance Department. The team also included Moty Yamin, Yonatan Haimi – Erenreich, and Anastasiia Schiff from the Capital Markets and Securities Department; Eyal Birenberg from the Labor Law Department; and Dr. Eran Lempert and Tal Alon from the Tax Department, together with the interns Nomi Gerber, Barak Stainberg, and Tamar Rosenschein.

 

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