TEL-AVIV, Israel, January 11, 2012 /PRNewswire/ --
Ellomay Capital Ltd. (NYSE Amex: ELLO)
("Ellomay" or the "Company"), announced today that
the Israeli Petroleum Commissioner approved the farm-in of Ellomay
Oil and Gas 2011 LP, a limited partnership whose general partner is
a wholly-owned subsidiary of Ellomay, to 20% of the participating
interests in the Yitzchak oil and gas exploration and drilling
license in the Mediterranean sea (the "Farm-In
Transaction"). The Farm-In Transaction is now unconditional and
effective.
About Ellomay Capital
Ellomay Capital is an Israeli public company whose shares are
listed on the NYSE Amex stock exchange, which focuses its business
in the energy and infrastructure sectors worldwide and is chaired
by Mr. Shlomo Nehama, former
Chairman of Bank Hapoalim. Ellomay Capital's assets include ten
photovoltaic plants in Italy with
an aggregated capacity of approximately 11 MW and holdings in
Dorad, Israel's largest private
power plant, which is currently under construction and is expected
to produce approximately 800MW, representing about 8% of
Israel's current electricity
consumption.
Information Relating to Forward-Looking Statements
This press release contains forward-looking statements that
involve substantial risks and uncertainties. All statements, other
than statements of historical facts, included in this press release
regarding our plans and objectives of management are
forward-looking statements. The use of certain words,
including the words "plan," "estimate," "project," "intend,"
"expect," "believe" and similar expressions are intended to
identify forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. We may not
actually achieve the plans, intentions or expectations disclosed in
our forward-looking statements and you should not place undue
reliance on our forward-looking statements. Various important
factors could cause actual results or events to differ materially
from those that may be expressed or implied by our forward-looking
statements. These and other risks and uncertainties associated with
our business are described in greater detail in the filings we make
from time to time with Securities and Exchange Commission,
including our Annual Report on Form 20-F. The forward-looking
statements are made as of this date and the Company does not
undertake any obligation to update any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Contact:
Kalia Weintraub
CFO
Tel: +972(3)797-1111
Email: kaliaw@ellomay.com
SOURCE Ellomay Capital Ltd