Elco Group is selling its 61% controlling stake in **Supergas Power**, an Israeli energy company. The firm has appointed **Phoenix Underwriting** to manage the organized sale process. This move supports Elco’s strategy to reduce debt and improve its financial position through asset divestment.
Supergas Energy acquires a controlling stake in Nine Consumer Products for approximately **NIS 30 million**, expanding into outdoor kitchen, grill, pizza oven, and camping gear markets. The deal, delayed by antitrust approval for over seven months, establishes Supergas as a new player in international consumer goods retail. The acquisition positions the company to leverage Nine’s product portfolio under its existing brand.
Super Power is acquiring competitor Pazgaz Energy, reducing Israel’s residential electricity suppliers from seven to six. The deal, valued at up to **NIS 25 million**, is backed by Supergas Power (TASE: SPGS) and solar producer Enlight. The acquisition aims to generate **NIS 130 million in annual revenue** for Super Power, driven by combined market share and operational synergies.
Super Power acquires Paz Gas Energy for **25 million NIS**, consolidating Israel’s private electricity sector from seven to six competitors. The deal is backed by Supergas Power (Electra-controlled) and solar producer Enlight, with projected annual revenue gains of **130 million NIS** from the acquisition. This marks the first major consolidation in the industry, leveraging Paz Gas’s operational footprint.
