OPC is expanding into the US renewable energy market.
OPC Energy Ltd. (TASE: OPCE) has notified the Tel Aviv Stock Exchange (TASE) that it has completed the acquisition of US renewable energy company CPV (Competitive Power Ventures). OPC said that it has received all the required regulatory approvals for the deal. OPC, which is controlled by Idan Ofer through Kenon Holdings (NYSE: KEN; TASE: KEN), is acquiring a 70% stake, while the remaining 30% stake is being acquired by Clal Insurance Enterprises Holdings Ltd. (TASE: CLIS), Migdal Insurance and Financial Holdings Ltd. (TASE: MGDL) and Poalim Capital Markets.