04:18 AM EDT, 07/14/2025 (MT Newswires) -- Ellomay Capital ( ELLO ) said Monday it has received commitments from several Israeli institutional and classified investors to purchase 926,000 ordinary shares at 54 Israeli New Shekels ($16.1) each for gross proceeds of around 50 million Israeli New Shekels through a private placement.

The company said Menora Mivtachim's affiliate expected to hold a roughly 6% stake in Ellomay following the transaction.

Ellomay plans to use the net proceeds from the placement, which is expected to close later this month, for general corporate purposes.