Supergas opened trading on TASE on the occasion of the listing of its shares on the Tel Aviv Stock Exchange. It is the largest of the eight new share companies to join the Tel Aviv Stock Exchange this year.​
 

Supergas is a major marketer and distributor of cooking gas in Israel. The company is the leading marketer of natural gas for industry and is currently setting up natural gas-operated power plants that are planned to start selling electricity next year. With close to 360 employees, the company services approximately 400 thousand private and business customers across Israel.

The share of the company is planned to join the TA-90, TA-125, SME-150, TA-Oil&Gas and TA-Energy Utilities Indices at the end of trading on September 3, 2020.

Kfir Navon, CEO of Supergas: “I am excited to be here today, at the ceremony that marks the official opening of trade in the shares of Supergas and its upcoming inclusion in the TA-90 Index. We are grateful to the investors for their vote of confidence in the successful IPO of Supergas, and look forward to continuing this close partnership towards the long-term development and betterment of the company.

Alongside our domestic gas operations, we are currently developing our growth engines for the coming years, most prominently the co-generation power plants, 6 of which are in various stages of construction, this in addition to the supply of natural gas for transport and to the business sector. We believe that these growth engines will create significant value for the company in the coming years. On this special occasion, I would like to thank the managers and employees of the company, whose contribution to our success was invaluable. I would like to extend my gratitude to the heads of Elco Group, Mikey and Danny Zalkind, for their cooperation, to all of our partners in this process, and to the Tel Aviv Stock Exchange that is hosting us on this special occasion."

Hani Shitrit Bach, EVP and Head of Listings at TASE: “I am pleased to hold this opening bell ceremony in celebration of Supergas Energy becoming a member of TASE's public companies family. Supergas is a subsidiary of long-standing Elco Group that has been listed for trading on TASE since 1976. Supergas is joining the 9 energy companies that are currently traded on TASE, with a total market cap of NIS 13 billion. The company raised close to NIS 270 million by share issuance at a company cap value of NIS 1.04 billion. We wish you success in your endeavors and look forward to seeing you grow and develop through the Tel Aviv Stock Exchange."

In the picture from right to left:

Top row: Hani Shitrit Bach, EVP and Head of Listings at TASE, Mikey Zalkind, Joint Managing Director at Elco; Kfir Navon, CEO of Supergas; Danny Zalkind, Chairman of Supergas.

Bottom row: Ittai Ben Zeev, CEO of TASE; Amnon Neubach, Chairman of the Board of Directors of TASE.

Photography credit: Guy Asayag. The photo is free of charge.