Shikun Binui

The Generation fund is nearing the acquisition of Shikun & Binui Energy for 4.2 billion shekels, after the parties reached understandings on the compensation mechanism in case the deal is not completed. Now the parties are preparing to finalize the last agreements and have the merger examined by regulators, who are concerned about the concentration in the electricity production sector.

This is not the first time that Shikun & Binui and Generation have pushed back the deadline in a deal of more than 4 billion shekels that could change the balance of power in the Israeli energy market. In the background, the Keystone offer by Navot Bar continues to hover.