Afcon

Afcon Holdings submitted a draft prospectus to the Israel Securities Authority for an initial public offering of its subsidiary, Afcon Renewable Energy, on the Tel Aviv Stock Exchange.

Afcon Holdings is targeting a 1 billion shekel valuation for the upcoming IPO of its renewable energy division, which includes a 770-megawatt pipeline and EV charging operations.

Afcon Holdings continues to expand its footprint in the energy sector after winning a government tender to build a substation worth approximately 36 million shekels.