Financing closed on NIS 2.7 billion acquisition of Ashdod desalination facility

Categories: Banking & Finance, Projects & Energy

Shafir and GES, controlled by Generation Capital, the infrastructure and energy investment fund, have closed the financing to acquire the desalination plant in Ashdod.

A consortium that comprises Mizrahi-Tefahot and Phoenix will finance the purchase, the repayment of debt to Bank Hapoalim, the renovation of the facility, and the construction of a power plant

Uri Mandel from Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron represented the financiers, Yotam Leshem from Gross Law Firm (GKH) represented the buyers. Jonathan Finklestone, Guy Kles, Tani Zahavi and Kobi Kimchi from Meitar represented Bank Hapoalim and the project lenders.

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