Kenon Holdings

Kenon Holdings
Public
Traded as NYSE: KEN
Founded 2015 (2015)
Headquarters Singapore
Key people
 Idan Ofer, owner
Website kenon-holdings.com

Kenon Holdings is a public corporation, which is a spin off from Israel Corporation, traded on the New York Stock Exchange and the Tel Aviv Stock Exchange. Owned by Israeli businessman Idan Ofer, it controls Israel's Corps investment in the car company Qoros.

Overview

The company was founded in 2014 as a spin off from the Israel Corporation, in order to control Israel Corp's investment in Qoros.[1][2] It is owned by Idan Ofer, a billionaire Israeli business magnate.[2]

In 2017, it announced plans to build Kiryat Gat power station in Israel.[3]

It is headquartered at the Millenia Tower in Singapore.[4] It employs a workforce of 5,766.[4] It is traded both on the New York Stock Exchange and the Tel Aviv Stock Exchange as KEN.[4][5]

The holding includes half the shares of Qoros, a Chinese automobile company, as well as investments in Zim Integrated Shipping Services, TowerJazz and IC Power.[1] One subsidiary of IC Power is Inkia Energy, a Peruvian energy company.[1] On January 7, 2015, it was valued at US$1 billion.[2]

See also

References

  1. 1 2 3 Eran Hazran, In surprise move, Israel Corp. will list spin-off Kenon in Tel Aviv, Haaretz, October 14, 2014
  2. 1 2 3 Shoshanna Solomon, Gabrielle Coppola, Kenon Trades at Higher-Than-Expected Value as Israel Corp. Gains, Bloomberg Businessweek, January 7, 2015
  3. ↑ Kenon to build Kiryat Gat power station Nati Yefet, 9 Apr, 2017, Globes Israel
  4. 1 2 3 Kenon Holdings Ltd., Bloomberg
  5. ↑ Kenon Holdings Ltd., MarketWatch
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