Israel Corp. will record a capital gain of $88 million on the sale of 21.1% of Edegal.
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Over the years Israel Corp. has received dividends from Edegel worth $105 million.
Edegel is a unit of Spanish energy company Endesa, which is itself a subsidiary of Italian energy giant ENEL. Edegel currently has a market cap of $2 billion on the Lima Stock Exchange.
Published by Globes [online], Israel business news – www.globes-online.com