Avi Levy, Chairman of Delek Israel (PR photo)
Lahav Green Energy, which is controlled by Lahav L.R. 80% and Keren Noked 20%, reported this morning on a deal to purchase 65% of Mifat’s share capital, which deals with the collection and removal of waste and the operation of transit stations, for NIS 64 million.
Mifat is a long-standing corporation in the field of solid waste removal and treatment, and traditionally deals with the absorption, removal, transportation, treatment, sorting, recycling and landfilling of municipal waste and urban, industrial and construction associations. Mifat specializes in providing comprehensive solutions for waste management at the city level and city associations: collection and removal of household waste in dozens of local and private authorities, collection and removal of pruning, lumpy waste, construction waste and waste from treatment plants.
Due to a fleet of vehicles with about 200 tools, including compressor trucks, crane trucks, Ram-Sa trucks, transport trucks (semitrailers) and mechanical engineering equipment such as: bicycle excavator, shovel, Bobcat, crusher, subdivision and more.
The Sharon transit station, located on an area of about 40 dunams, the station has recently been upgraded and is able to absorb about 1,400 tons per day. The station is considered one of the leading transit stations in the country. Blade Green Energy intends to develop Mifat into additional areas, including landfilling, energy development and electricity generation with technology that makes it possible to do so from waste, and in many other areas of sustainability.
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As part of the said transaction, Mifat will purchase 50% of the land on which the Hasharon transit station is located. In addition, Mifat will acquire the Matzdar company, which also deals in the same fields. Blade Green Energy sees this area as another growth engine, in addition to the growing activity of establishing dozens of projects in the field of photovoltaics and including land, dual-use, reservoirs, roofs and storage, in Israel and abroad.
The field of garbage is a field of growth, population growth, development of new technologies for the development of the company to a significant extent. The total adjusted EBITDA of Mifat is approximately NIS 25 million. The company is acquired at a value of about NIS 100 million, ie the investment cost of Lahav Green Energy is about NIS 64 million.
Close to the acquisition of control of Mifat by Lahav Energy Green, Mifat will purchase another company engaged in the field (Matzadar), and 50% of the land of the transit station with an investment of about NIS 85 million, an investment that will come from Mifat.
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Avi Levy, Chairman of the Board of Directors of Lahav L.R. Barach: “Lahav Green Energy continues to develop and innovate. Transit stations, landfilling is a developing field, and there is always a demand and demand in this field. “In the not too distant future. As well as the development of solar roofs on the roofs of transit stations. The station, the company and the field have great potential.
It should be noted that during October 2021, the company reported that a subsidiary, Lahav Energy Green, had signed a binding agreement for the construction of a ground-based photovoltaic facility on land in an area of approximately 204 dunams that are in advanced licensing procedures, on which a project with a capacity of approximately 33 megawatts (DC, with an estimated investment of about NIS 100 million, which will be financed with long-term bank loans and equity).
The expected annual income from the project after the construction, based on the company’s current forecasts, is about NIS 12 million, and NOI is expected to be about NIS 10 million per year. This project is part of many projects that the company is developing in the fields of renewable green energy, and included available land for dual-use, reservoirs, roofs and storage. The establishment of the project is conditional on the final approval of the plaintiff and the receipt or purchase of an appropriate quota.
Blade L.R. Under the management of Hava Zamir and Lahav Green Energy under the management of Amir Gera, it has accumulated large projects and a large-scale growth forecast. These stations were given quotas and work on them began. In addition, the company continues to examine large-scale projects in Israel and abroad.
Lahav L.R. Controlled by Avi Levy and managed by Hava Zamir, it operates in the field of income-producing real estate in Germany (centers and shopping complexes that serve the needs of the population), in the field of renewable green energy through Lahav Green Energy and in gas stations in Israel through Delek Israel and its sister company Delek Properties.
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