Ellomay Capital Announces the Closing of the Investment by Clal Insurance in Ellomay Capital's 198 MW Italian Solar Portfolio

Core Insights - Ellomay Capital Ltd. has successfully closed an investment transaction with Clal Insurance Company Ltd. for a 198 MW solar portfolio in Italy, granting Clal a 49% interest in the portfolio [1][3] Company Overview - Ellomay Capital Ltd. is an Israeli company listed on the NYSE American and the Tel Aviv Stock Exchange, focusing on renewable energy and power sectors in Europe, the USA, and Israel since 2009 [4] Investment Details - The investment transaction with Clal involves both operating projects and projects under construction and development in Italy [1] - Clal received a warrant to purchase ordinary shares of the Company as part of the transaction [2] Strategic Significance - The CEO of Ellomay highlighted the transaction as a significant milestone in the company's strategic growth and development plan, indicating strong confidence in the company's vision and leadership [3]