Kenon agrees to buy 25% stake in Vicinity District Energy for about $450 million

Bitget2026/09/30 10:05

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Kenon agreed to pay USD 450 million for a 25% equity stake in Vicinity District Energy, a US district heating and cooling operator.
Deal implies a USD 2.92 billion enterprise value for 100% of Vicinity, subject to post-closing adjustments.
Transaction structured through a buyer vehicle owned by Kenon and funds managed by Harrison Street Asset Management.
Non-recourse debt commitments of up to USD 1.4 billion arranged to fund part of the purchase price, with an additional growth capex facility.
Closing targeted for Q2 2027, subject to regulatory approvals; Kenon plans to fund its cash commitment from existing liquidity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kenon Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001178913-26-004650), on September 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Kenon agrees to buy 25% stake in Vicinity District Energy for about $450 million

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