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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InEllomay Capital Ltd. has announced a significant shift in its ownership structure following the completion of a sale by its principal shareholders. O.Y. Nofar Energy Ltd., a public company listed on the Tel Aviv Stock Exchange (TASE: NOFR), acquired the entire 45.9% stake previously held by the founding group. The selling parties included S. Nechama Investments, Kanir Joint Investments, and Ms. Anat Raphael, who have now exited their positions. This strategic acquisition is expected to trigger immediate changes in the composition of Ellomay’s board of directors to align with the new ownership. Nofar Energy aims to leverage this move to consolidate its presence in the renewable energy and power generation sectors across Europe, Israel, and the USA. Analysts view the entry of a strategic industrial player as a bullish development for Ellomay’s long-term growth potential and operational stability.