Mega Deal: Generation and Zohar Levy in Talks to Acquire Shikun & Binui Energy
Shikun & Binui Energy (Shub Energy), which generates electricity using natural gas and renewable energy sources, may soon be sold to the Generation fund in a deal worth over NIS 4 billion.
Assessment
A major acquisition is taking shape in Israel's energy sector, with Generation fund and Zohar Levi negotiating to buy Shikun & Binui Energy for over NIS 4 billion. The deal would transfer control of a significant natural gas and renewable electricity producer, signaling continued consolidation in the local power market. Watch for regulatory approval requirements and how this sale affects Shikun & Binui's broader corporate strategy.