Ellomay Capital (ELLO) details Edelcom’s dismissal of Dorad 2 claim
Rhea-AI Filing Summary
Ellomay Capital Ltd. reports a development in the legal proceedings related to the planned expansion of the Dorad power plant, known as the Dorad 2 project. Edelcom Ltd., which owns 18.75% of Dorad Energy Ltd., had filed a claim in the Tel Aviv District Court in September 2024 against Dorad and its other shareholders, including Ellomay Luzon Energy Infrastructures Ltd., a private company 50% owned by Ellomay Capital that holds 33.75% of Dorad.
The claim sought court declarations that any decision to advance or manage construction of a new power plant or expansion of the existing one, including Dorad 2, would require unanimous approval by Dorad’s shareholders or directors, and requested a permanent injunction blocking actions related to such expansion without unanimous shareholder consent. On December 15, 2025, Edelcom asked the court to dismiss the claim following a preliminary hearing held on November 11, 2025, while expressly reserving all its claims and rights, including the option to file a new claim based on the same facts.
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Insights
Edelcom has requested dismissal of its Dorad 2 claim but kept the option to sue again.
Ellomay Capital explains that Edelcom, an 18.75% shareholder in Dorad Energy, had asked an Israeli court to require unanimous shareholder or board approval for any decision to advance the Dorad 2 power plant expansion, and to bar Dorad and its other shareholders from taking related steps without such unanimous consent. This targeted governance around the project rather than seeking monetary damages in the passage provided.
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For now, the immediate court proceeding appears to halt, which may ease near-term procedural constraints around Dorad 2, but the possibility of renewed litigation remains. Ellomay directs readers to its Form 20-F and a prior Form 6-K for fuller background, indicating that future disclosures in those channels will be important for tracking any new legal steps connected to this project.
FAQ
What legal update did Ellomay Capital (ELLO) provide regarding the Dorad 2 project?
Ellomay Capital reported that Edelcom Ltd., which had filed a claim in the Tel Aviv District Court concerning the expansion of the Dorad power plant (the Dorad 2 project), submitted a request on December 15, 2025 to dismiss that claim, following a preliminary hearing held on November 11, 2025.
What was Edelcom originally asking the court to decide in its claim related to Dorad 2?
Edelcom’s claim sought several declaratory judgements that any decision by Dorad’s shareholders or board to advance or manage construction of a new power plant, or expand the existing Dorad plant (including Dorad 2), would require unanimous approval. It also requested a permanent injunction preventing Dorad and its other shareholders from taking actions related to changing Dorad’s field of operation or expanding the plant, including approving budgets or tests, unless unanimously approved by shareholders.
How is Ellomay Capital connected to Dorad Energy Ltd. in this proceeding?
The claim was filed against Dorad Energy Ltd. and its other shareholders, including Ellomay Luzon Energy Infrastructures Ltd., a private company that is 50% owned by Ellomay Capital Ltd. and holds 33.75% of Dorad’s shares. Ellomay Capital’s exposure arises through this shareholding structure.
Does Edelcom’s dismissal of the claim permanently end the Dorad 2 dispute?
No. While Edelcom requested dismissal of the claim, it did so while reserving all of its claims and rights, including the right to file a new claim based on the same facts. This means the specific proceeding described is being withdrawn, but the underlying legal positions may be brought back before the court in a new filing.
Where can investors find more background on the Dorad 2 legal matter involving Ellomay Capital?
Ellomay Capital refers readers to its Annual Report on Form 20-F submitted to the SEC on April 30, 2025 and a Form 6-K submitted on December 1, 2025 for additional information about the claim and the Dorad 2 project.