IC Power Withdraws IPO Due to Market Conditions

Kenon Holdings Ltd. (NYSE: KEN) and its wholly-owned subsidiary IC Power Ltd.are announcing that IC Power has decided to withdraw its initial public offering of its ordinary shares due to market conditions.

"In light of current market conditions, we believe that our proposed IPO is not in the best interests of our company and our shareholder at this time, and accordingly, we have decided to withdraw our IPO," said Javier Garcia-Burgos, Chief Executive Officer of IC Power.

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