Israel Corp. Mulls Partial Sale of Stake in OPC Rotem

Israel Corp could sell a portion of its stake in OPC Rotem to insurance firms and pension funds, Reuters wrote on Thursday. 

“The company is examining the sale of mature assets including the possibility of a portion of its stake in OPC Rotem,” said Israel Corp. 

OPC Rotem is a majority-held subsidiary of IC Power, company of the Israel Corp holding. IC Power holds 80% of OPC Rotem, which controls 6% of Israel’s estimated energy demand.

OPC Rotem, based in Israel’s Negev desert, is a single shaft combined cycle, operating on natural gas.