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TEL AVIV (Reuters) – Israeli group Enlight Renewable Energy of Israel announced Monday that it has finalized an offer to institutional investors.
The investors who participated in the offer had deposited NIS 355 million in the first Enlight share purchase offers.
The closing price was fixed at 2.33 NIS per share, which will constitute the minimum price of the public offer. Orders will be included in the shelf prospectus that will be published by the company.
Moody's Israeli arm, Midroog, gives the company "A3" a stable outlook.
With operations in Israel and Europe, Enlight has participated in more than 130 projects with a total capacity of more than 350 megawatts over the past two years.
Report by Tova Cohen; Edited by Steven Scheer
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