Shikun & Binui to Buy Rights to Energy Project From Ortam Sahar

Shikun & Binui Ltd. (SKBN) said it would buy rights in a pumped-storage hydroelectricity project from Ortam Sahar Engineering Ltd. (ORTM) for as much as 42 million shekels, the construction services company said today in a statement to the Tel Aviv Stock Exchange.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Calev Ben-David at cbendavid@bloomberg.net

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