 TEL AVIV, Israel, July 2, 2019 PRNewswire -- Ellomay Capital Ltd. NYSE American: ELLO ELLO.TA Ellomay or the Company, a renewable energy and power generator and developer of renewable energy and power projects in Europe and Israel, today announced that it has received and accepted, following the approval of the Companys Board of Directors, commitments from several Israeli classified investors to buy 800,000 ordinary shares of the Company in a private placement the Private Placement. The price per share in the Private Placement was set at NIS 39.20 approximately 11 and the gross proceeds to the Company are expected to be approximately NIS 31.3 million. The Company intends to use the net proceeds from this offering for general corporate purposes. 