SINGAPORE, Sept. 26, 2019 /PRNewswire/ -- Kenon
Holdings Ltd.'s (NYSE: KEN) (TASE: KEN) ("Kenon")
subsidiary OPC Energy Ltd. ("OPC") announced today updates
on negotiations with Veridis Power Plants Ltd. ("Veridis"),
which holds a 20% interest in OPC Rotem Ltd. ("OPC-Rotem").
OPC had announced on April 9, 2019
that it was in negotiations with Veridis with a view to acquiring
all of Veridis' interests in OPC-Rotem in exchange for new OPC
shares and a new investment in OPC by Veridis. OPC announced today
that considering, among other things, regulatory issues which may
result from the structure of the proposed transaction, the parties
have agreed not to proceed with the proposed transaction structure
described in the April 9, 2019 press
release, and that the parties are having discussions to examine
alternative transactions in connection with Veridis' holdings in
OPC-Rotem.
There is no assurance that the discussions relating to the
potential alternative transactions described above will result in a
binding agreement or a completed transaction, nor is there
anycertainty with respect to the final terms of any such
transactions.
Caution Concerning Forward-Looking Statements
This press release includes forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements include statements about negotiations
between OPC and Veridis with respect to potential transactions
relating to interests owned by Veridis in OPC-Rotem and discussions
to examine alternative transactions. These forwardlooking
statements are based on current expectations or beliefs, and are
subject to uncertainty and changes in circumstances. These
forward-looking statements are subject to a number of risks and
uncertainties, which could cause the actual results to differ
materially from those indicated in Kenon's forward-looking
statements. Such risks include the risk that the potential
transactions under discussions are not consummated, the terms of
such transaction, if any, are agreed and the risk that if an
agreement is entered into, it does not result in a completed
transaction, and other risks and factors, including those set forth
under the heading "Risk Factors" in Kenon's Annual Report on Form
20-F, filed with the U.S. Securities and Exchange Commission.
Except as required by law, Kenon undertakes no obligation to update
these forward-looking statements, whether as a result of new
information, future events, or otherwise.
Contact Info
Kenon Holdings Ltd.
Jonathan Fisch
Director, Investor Relations
jonathanf@kenon-holdings.com
Tel: +44-20-7659-4186
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SOURCE Kenon Holdings Ltd.