|Bid||24.48 x 900|
|Ask||24.98 x 900|
|Day's Range||24.67 - 24.74|
|52 Week Range||10.56 - 24.75|
|Beta (5Y Monthly)||1.04|
|PE Ratio (TTM)||4.40|
|Earnings Date||May 30, 2019|
|Forward Dividend & Yield||1.21 (5.08%)|
|Ex-Dividend Date||Nov 15, 2019|
|1y Target Est||29.85|
Kenon Holdings Ltd.'s (NYSE: KEN, TASE: KEN) ("Kenon") subsidiary OPC Energy Ltd. ("OPC") announced the execution of an agreement by CPV Group LP (the "Buyer"), an entity in which OPC holds a 70% stake, for the acquisition of Competitive Power Ventures group ("CPV") from Global Infrastructure Management, LLC (the "Seller"). CPV is engaged in the development, construction and management of renewable energy and conventional energy (natural gas-fired) power plants in the United States.
OPC Energy Ltd. (TASE: OPCE) ("OPC"), Kenon Holdings Ltd.'s (NYSE: KEN) (TASE: KEN) ("Kenon") subsidiary today reports a strategic step, which puts it in significant activity in the US energy market. The company has signed a letter of intent to acquire control of an American company CPV, with an estimated investment of $ 700-800 million, part of which is also intended for investment in future projects of CPV. The deal is still subject to a number of approvals, and to the completion of the negotiation process between the parties.
Kenon Holdings Ltd.'s (NYSE: KEN) (TASE: KEN) ("Kenon") subsidiary OPC Energy Ltd. ("OPC") announced that on September 15, 2020, a non-binding term sheet (the "Term Sheet") was executed between OPC and Global Infrastructure Management LLC for the acquisition of Competitive Power Ventures group ("CPV") by OPC (the "Potential Transaction").