Phoenix to invest in PowerGen at NIS 3.25b valuation
· en.globes.co.il
Phoenix will invest NIS 234 million for a 7.2% stake and convert financing to raise the stake to 12.4%.
Phoenix Finance (TASE: PHOE) is investing NIS 234 million in Generation Capital (TASE: GNRS) PowerGen for a 7.2% stake.
Phoenix will also convert financing it ...