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[6-K] Ellomay Capital LTD Current Report (Foreign Issuer)

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6-K
Rhea-AI Filing Summary

Ellomay Capital reports progress on its acquisition of additional 7.5% stake in Dorad Energy through its subsidiary Ellomay Luzon Energy Infrastructures. The Israeli Competition Authority's Director-General has approved the acquisition on June 23, 2025, marking a significant milestone in the transaction.

Several key conditions remain pending for deal completion:

  • Approval from Israeli Electricity Authority
  • Consent from consortium of lenders who financed Dorad's power plant
  • Completion of 10% share sale to Phoenix Insurance Company and affiliates
  • Approval from Dorad's board of directors

The company notes these remaining conditions are outside their control and cannot estimate completion timing. The filing includes extensive forward-looking statements addressing potential risks, including regulatory changes, market conditions, impact of regional conflicts (Israel-Gaza-Iran situation, Russia-Ukraine conflict), interest rates, inflation, and resource pricing fluctuations in operating markets including Israel, Spain, Italy, and the United States.

Ellomay Capital comunica i progressi nell'acquisizione di una quota aggiuntiva del 7,5% in Dorad Energy tramite la sua controllata Ellomay Luzon Energy Infrastructures. Il Direttore Generale dell'Autorità per la Concorrenza israeliana ha approvato l'acquisizione il 23 giugno 2025, segnando una tappa importante nell'operazione.

Rimangono da soddisfare alcune condizioni chiave per il completamento dell'accordo:

  • Approvazione da parte dell'Autorità Elettrica israeliana
  • Consenso dal consorzio di finanziatori che hanno sostenuto la centrale elettrica di Dorad
  • Completamento della vendita del 10% delle azioni a Phoenix Insurance Company e società affiliate
  • Approvazione del consiglio di amministrazione di Dorad

L'azienda sottolinea che queste condizioni sono al di fuori del loro controllo e non è possibile stimare i tempi di completamento. La comunicazione include numerose dichiarazioni previsionali che affrontano i potenziali rischi, tra cui modifiche normative, condizioni di mercato, impatti dei conflitti regionali (situazione Israele-Gaza-Iran, conflitto Russia-Ucraina), tassi di interesse, inflazione e variazioni dei prezzi delle risorse nei mercati operativi come Israele, Spagna, Italia e Stati Uniti.

Ellomay Capital informa sobre los avances en la adquisición de una participación adicional del 7,5% en Dorad Energy a través de su subsidiaria Ellomay Luzon Energy Infrastructures. El Director General de la Autoridad de Competencia de Israel aprobó la adquisición el 23 de junio de 2025, marcando un hito importante en la transacción.

Quedan pendientes varias condiciones clave para la finalización del acuerdo:

  • Aprobación de la Autoridad de Electricidad de Israel
  • Consentimiento del consorcio de prestamistas que financiaron la planta eléctrica de Dorad
  • Finalización de la venta del 10% de las acciones a Phoenix Insurance Company y afiliados
  • Aprobación del consejo de administración de Dorad

La compañía señala que estas condiciones restantes están fuera de su control y no pueden estimar el tiempo de finalización. La presentación incluye extensas declaraciones prospectivas que abordan riesgos potenciales, incluyendo cambios regulatorios, condiciones de mercado, impacto de conflictos regionales (situación Israel-Gaza-Irán, conflicto Rusia-Ucrania), tasas de interés, inflación y fluctuaciones en los precios de los recursos en mercados operativos como Israel, España, Italia y Estados Unidos.

Ellomay Capital는 자회사 Ellomay Luzon Energy Infrastructures를 통해 Dorad Energy의 추가 7.5% 지분 인수 진행 상황을 보고했습니다. 이스라엘 경쟁 당국의 국장은 2025년 6월 23일 인수를 승인하여 거래에 중요한 이정표를 세웠습니다.

거래 완료를 위해 다음과 같은 주요 조건들이 남아 있습니다:

  • 이스라엘 전력 당국의 승인
  • Dorad 발전소를 금융 지원한 대출 컨소시엄의 동의
  • Phoenix Insurance Company 및 계열사에 10% 지분 매각 완료
  • Dorad 이사회 승인

회사는 이러한 남은 조건들이 자사의 통제 범위를 벗어나 있으며 완료 시점을 예측할 수 없다고 밝혔습니다. 제출 자료에는 규제 변경, 시장 상황, 지역 분쟁(이스라엘-가자-이란 상황, 러시아-우크라이나 분쟁), 금리, 인플레이션, 이스라엘, 스페인, 이탈리아, 미국 등 운영 시장의 자원 가격 변동 등 잠재적 위험에 관한 광범위한 미래 예측 진술이 포함되어 있습니다.

Ellomay Capital annonce des progrès dans l'acquisition d'une participation supplémentaire de 7,5 % dans Dorad Energy via sa filiale Ellomay Luzon Energy Infrastructures. Le Directeur général de l'Autorité de la concurrence israélienne a approuvé l'acquisition le 23 juin 2025, marquant une étape importante dans la transaction.

Plusieurs conditions clés restent en attente pour la finalisation de l'accord :

  • Approbation de l'Autorité israélienne de l'électricité
  • Consentement du consortium de prêteurs ayant financé la centrale électrique de Dorad
  • Finalisation de la vente de 10 % des actions à Phoenix Insurance Company et ses affiliés
  • Approbation du conseil d'administration de Dorad

La société précise que ces conditions restantes échappent à son contrôle et qu'elle ne peut estimer le délai de finalisation. Le dossier comprend de nombreuses déclarations prospectives traitant des risques potentiels, notamment les changements réglementaires, les conditions de marché, l'impact des conflits régionaux (situation Israël-Gaza-Iran, conflit Russie-Ukraine), les taux d'intérêt, l'inflation et les fluctuations des prix des ressources sur les marchés opérationnels tels qu'Israël, l'Espagne, l'Italie et les États-Unis.

Ellomay Capital berichtet über Fortschritte beim Erwerb eines zusätzlichen 7,5% Anteils an Dorad Energy über seine Tochtergesellschaft Ellomay Luzon Energy Infrastructures. Der Generaldirektor der israelischen Wettbewerbsbehörde hat den Erwerb am 23. Juni 2025 genehmigt, was einen bedeutenden Meilenstein in der Transaktion darstellt.

Für den Abschluss des Deals sind noch mehrere wichtige Bedingungen offen:

  • Genehmigung durch die israelische Elektrizitätsbehörde
  • Zustimmung des Kreditkonsortiums, das das Kraftwerk von Dorad finanziert hat
  • Abschluss des Verkaufs von 10% der Anteile an die Phoenix Insurance Company und deren Verbundene
  • Genehmigung durch den Vorstand von Dorad

Das Unternehmen weist darauf hin, dass diese verbleibenden Bedingungen außerhalb ihrer Kontrolle liegen und keine Schätzung zum Abschlusszeitpunkt möglich ist. Die Einreichung enthält umfangreiche zukunftsgerichtete Aussagen, die potenzielle Risiken abdecken, darunter regulatorische Änderungen, Marktbedingungen, Auswirkungen regionaler Konflikte (Israel-Gaza-Iran-Situation, Russland-Ukraine-Konflikt), Zinssätze, Inflation und Schwankungen der Rohstoffpreise in den operativen Märkten wie Israel, Spanien, Italien und den Vereinigten Staaten.

Positive
  • Received approval from Israeli Competition Authority for acquisition of additional 7.5% stake in Dorad Energy Ltd., potentially increasing ownership and control in power generation assets
Negative
  • Multiple critical conditions remain pending for deal closure, including Israeli Electricity Authority approval, lender consortium approval, and Dorad board approval, creating uncertainty around transaction completion

Ellomay Capital comunica i progressi nell'acquisizione di una quota aggiuntiva del 7,5% in Dorad Energy tramite la sua controllata Ellomay Luzon Energy Infrastructures. Il Direttore Generale dell'Autorità per la Concorrenza israeliana ha approvato l'acquisizione il 23 giugno 2025, segnando una tappa importante nell'operazione.

Rimangono da soddisfare alcune condizioni chiave per il completamento dell'accordo:

  • Approvazione da parte dell'Autorità Elettrica israeliana
  • Consenso dal consorzio di finanziatori che hanno sostenuto la centrale elettrica di Dorad
  • Completamento della vendita del 10% delle azioni a Phoenix Insurance Company e società affiliate
  • Approvazione del consiglio di amministrazione di Dorad

L'azienda sottolinea che queste condizioni sono al di fuori del loro controllo e non è possibile stimare i tempi di completamento. La comunicazione include numerose dichiarazioni previsionali che affrontano i potenziali rischi, tra cui modifiche normative, condizioni di mercato, impatti dei conflitti regionali (situazione Israele-Gaza-Iran, conflitto Russia-Ucraina), tassi di interesse, inflazione e variazioni dei prezzi delle risorse nei mercati operativi come Israele, Spagna, Italia e Stati Uniti.

Ellomay Capital informa sobre los avances en la adquisición de una participación adicional del 7,5% en Dorad Energy a través de su subsidiaria Ellomay Luzon Energy Infrastructures. El Director General de la Autoridad de Competencia de Israel aprobó la adquisición el 23 de junio de 2025, marcando un hito importante en la transacción.

Quedan pendientes varias condiciones clave para la finalización del acuerdo:

  • Aprobación de la Autoridad de Electricidad de Israel
  • Consentimiento del consorcio de prestamistas que financiaron la planta eléctrica de Dorad
  • Finalización de la venta del 10% de las acciones a Phoenix Insurance Company y afiliados
  • Aprobación del consejo de administración de Dorad

La compañía señala que estas condiciones restantes están fuera de su control y no pueden estimar el tiempo de finalización. La presentación incluye extensas declaraciones prospectivas que abordan riesgos potenciales, incluyendo cambios regulatorios, condiciones de mercado, impacto de conflictos regionales (situación Israel-Gaza-Irán, conflicto Rusia-Ucrania), tasas de interés, inflación y fluctuaciones en los precios de los recursos en mercados operativos como Israel, España, Italia y Estados Unidos.

Ellomay Capital는 자회사 Ellomay Luzon Energy Infrastructures를 통해 Dorad Energy의 추가 7.5% 지분 인수 진행 상황을 보고했습니다. 이스라엘 경쟁 당국의 국장은 2025년 6월 23일 인수를 승인하여 거래에 중요한 이정표를 세웠습니다.

거래 완료를 위해 다음과 같은 주요 조건들이 남아 있습니다:

  • 이스라엘 전력 당국의 승인
  • Dorad 발전소를 금융 지원한 대출 컨소시엄의 동의
  • Phoenix Insurance Company 및 계열사에 10% 지분 매각 완료
  • Dorad 이사회 승인

회사는 이러한 남은 조건들이 자사의 통제 범위를 벗어나 있으며 완료 시점을 예측할 수 없다고 밝혔습니다. 제출 자료에는 규제 변경, 시장 상황, 지역 분쟁(이스라엘-가자-이란 상황, 러시아-우크라이나 분쟁), 금리, 인플레이션, 이스라엘, 스페인, 이탈리아, 미국 등 운영 시장의 자원 가격 변동 등 잠재적 위험에 관한 광범위한 미래 예측 진술이 포함되어 있습니다.

Ellomay Capital annonce des progrès dans l'acquisition d'une participation supplémentaire de 7,5 % dans Dorad Energy via sa filiale Ellomay Luzon Energy Infrastructures. Le Directeur général de l'Autorité de la concurrence israélienne a approuvé l'acquisition le 23 juin 2025, marquant une étape importante dans la transaction.

Plusieurs conditions clés restent en attente pour la finalisation de l'accord :

  • Approbation de l'Autorité israélienne de l'électricité
  • Consentement du consortium de prêteurs ayant financé la centrale électrique de Dorad
  • Finalisation de la vente de 10 % des actions à Phoenix Insurance Company et ses affiliés
  • Approbation du conseil d'administration de Dorad

La société précise que ces conditions restantes échappent à son contrôle et qu'elle ne peut estimer le délai de finalisation. Le dossier comprend de nombreuses déclarations prospectives traitant des risques potentiels, notamment les changements réglementaires, les conditions de marché, l'impact des conflits régionaux (situation Israël-Gaza-Iran, conflit Russie-Ukraine), les taux d'intérêt, l'inflation et les fluctuations des prix des ressources sur les marchés opérationnels tels qu'Israël, l'Espagne, l'Italie et les États-Unis.

Ellomay Capital berichtet über Fortschritte beim Erwerb eines zusätzlichen 7,5% Anteils an Dorad Energy über seine Tochtergesellschaft Ellomay Luzon Energy Infrastructures. Der Generaldirektor der israelischen Wettbewerbsbehörde hat den Erwerb am 23. Juni 2025 genehmigt, was einen bedeutenden Meilenstein in der Transaktion darstellt.

Für den Abschluss des Deals sind noch mehrere wichtige Bedingungen offen:

  • Genehmigung durch die israelische Elektrizitätsbehörde
  • Zustimmung des Kreditkonsortiums, das das Kraftwerk von Dorad finanziert hat
  • Abschluss des Verkaufs von 10% der Anteile an die Phoenix Insurance Company und deren Verbundene
  • Genehmigung durch den Vorstand von Dorad

Das Unternehmen weist darauf hin, dass diese verbleibenden Bedingungen außerhalb ihrer Kontrolle liegen und keine Schätzung zum Abschlusszeitpunkt möglich ist. Die Einreichung enthält umfangreiche zukunftsgerichtete Aussagen, die potenzielle Risiken abdecken, darunter regulatorische Änderungen, Marktbedingungen, Auswirkungen regionaler Konflikte (Israel-Gaza-Iran-Situation, Russland-Ukraine-Konflikt), Zinssätze, Inflation und Schwankungen der Rohstoffpreise in den operativen Märkten wie Israel, Spanien, Italien und den Vereinigten Staaten.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2025

Commission File Number: 001-35284

 

Ellomay Capital Ltd.

(Translation of registrant’s name into English)

 

18 Rothschild Blvd., Tel Aviv 6688121, Israel

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒         Form 40-F ☐

 

 

 

 

 

THIS FORM 6-K IS HEREBY INCORPORATED BY REFERENCE INTO THE REGISTRANT’S REGISTRATION STATEMENTS ON FORM F-3 (NOS. 333-199696 AND 333-144171) AND FORM S-8 (NOS. 333-187533, 333-102288 AND 333-92491), AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS SUBMITTED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.

 

Update in connection with Exercise of Right of First Refusal for Dorad Energy Ltd. Shares

 

Ellomay Capital Ltd. (the “Company”), hereby provides an update in connection with the exercise of a right of first refusal for 7.5% of the outstanding shares of Dorad Energy Ltd. (“Dorad”) by Ellomay Luzon Energy Infrastructures Ltd. (“Ellomay Luzon Energy”) and following the Company’s immediate reports on Form 6-K submitted to the Securities and Exchange Commission on March 31, 2025, April 7, 2025 and May 31, 2025.

 

On June 23, 2025, the Director-General of the Israeli Competition Authority issued an approval for the acquisition of the additional Dorad shares by Ellomay Luzon Energy. This approval is one of the main conditions to the consummation of the purchase of Dorad’s shares by Ellomay Luzon Energy. As of the date hereof, the remaining conditions to closing are mainly the approval of the Israeli Electricity Authority, the approval of the consortium of lenders who financed the construction of the power plant owned by Dorad, the consummation of the sale of 10% of Dorad’s outstanding shares to The Phoenix Insurance Company Ltd. and its affiliates and the approval of Dorad’s board of directors. The remaining conditions to closing are not within Ellomay Luzon Energy’s control and the Company cannot at this point estimate whether and when they will be fulfilled.

 

Information Relating to Forward-Looking Statements

 

This report contains forward-looking statements that involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of the Company’s management. All statements, other than statements of historical facts, included in this report regarding the Company’s plans and objectives, expectations and assumptions of management are forward-looking statements. The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements.Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by the Company’s forward-looking statements, including the non-fulfillment of any of the conditions to closing, changes in market conditions, inability to receive required regulatory approvals, the impact of the war and hostilities in Israel, Gaza and Iran, changes in electricity prices and demand, regulatory changes, including extension of current or approval of new rules and regulations increasing the operating expenses of manufacturers of renewable energy in Spain, increases in interest rates and inflation, changes in the supply and prices of resources required for the operation of the Company’s facilities (such as waste and natural gas) and in the price of oil, the impact of the continued military conflict between Russia and Ukraine, technical and other disruptions in the operations or construction of the power plants owned by the Company and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. These and other risks and uncertainties associated with the Company’s business are described in greater detail in the filings the Company makes from time to time with the Securities and Exchange Commission, including its Annual Report on Form 20-F. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

 

1

 

 

Signatures

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Ellomay Capital Ltd.
   
  By: /s/ Ran Fridrich
    Ran Fridrich
    Chief Executive Officer and Director

 

Dated: June 24, 2025

 

 

2

 

FAQ

What is ELLO's latest acquisition in Dorad Energy Ltd?

Ellomay Luzon Energy Infrastructures Ltd. is exercising a right of first refusal to acquire an additional 7.5% of the outstanding shares of Dorad Energy Ltd. The Israeli Competition Authority approved this acquisition on June 23, 2025.

What approvals are still pending for ELLO's Dorad Energy shares purchase?

The remaining required approvals include: 1) Israeli Electricity Authority approval, 2) approval from the consortium of lenders who financed Dorad's power plant, 3) completion of 10% share sale to The Phoenix Insurance Company Ltd., and 4) approval from Dorad's board of directors.

What key risks did ELLO disclose in its June 2025 6-K filing?

ELLO disclosed several key risks including: changes in market conditions, regulatory changes (particularly in Spain), increases in interest rates and inflation, changes in resource prices (waste and natural gas), impact of conflicts (Israel-Gaza-Iran and Russia-Ukraine), and technical disruptions in power plant operations.

When did ELLO file its previous updates regarding the Dorad Energy share acquisition?

ELLO filed previous updates regarding the Dorad Energy share acquisition through Form 6-K submissions to the SEC on three dates: March 31, 2025, April 7, 2025, and May 31, 2025.
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