Turbogen to acquire 50% stake in Elbatech, giving Tzachi Abu control

Turbogen Ltd. is in negotiations to acquire a 50% stake in Elbatech Ltd. from Abu Yehiel, a company controlled by businessman Tzachi Abu, for approximately ILS 600 million in shares. Upon completion, Tzachi Abu will hold about 55% of Turbogen, becoming its controlling shareholder.

“The Company is currently conducting negotiations to acquire a 50% stake in Elbatech Ltd., currently held by 'Abu Yehiel – Construction Company Ltd.', a company controlled by businessman Tzachi Abu.”prnewswire.com

• 1 source
• prnewswire.comBusinessman Tzachi Abu Moves to Acquire Control of TurbogenTurbogen Ltd.May 26, 2026

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