Though we – as humans, as lawyers, as a firm and as a country – are still reeling from the horrendous attack we faced on 7 October, the economy and Israel’s energy sector specifically, remain of paramount importance. We are therefore thrilled to congratulate our client, Phoenix Insurance Company, for their agreement to invest an amount of up to NIS 700 million into Meshek Energy. This strategic investment will provide Meshek Energy with the capital needed as part of its bid to acquire the major Eshkol power station from the Israel Electric Corporation at a value of at least NIS 9 billion, and is a significant milestone in the energy sector.
Phoenix Insurance was represented by partners, Amnon Epstein and Ron Abelski, with senior associate Itamar Lev Eldar, and interns Roni Ghouila and Ronnie Kohn.
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