Ari Real Estate and a private company of Jacky Ben Zaken signed an agreement to sell 50.1% of the rights in the Orot Yitzhak power plant project to Rafek Energy. The consideration is estimated at between NIS 550 million and NIS 730 million, and Ari Real Estate is expected to record a profit of hundreds of millions of shekels.
The planned plant in the Menashe communities is in the planning stage.
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Reports on other sites 4 outlets
What outlets say
Calcalist
Rafek Energy is in talks to buy up to 70% of the planned plant in the Menashe communities, at a valuation of up to NIS 1.5 billion.
Bizportal
The current valuation is estimated at NIS 600 million to NIS 700 million, and the possible jump depends on advancing planning, approvals and financing.
Globes
The plant's value could reach about NIS 1.1 billion if the project is approved and built.
