An unknown buyer entered into an agreement to acquire 6.7% stake of A.D.O. Group Ltd. (TASE:ADO) from Shikun & Binui Ltd. (TASE:SKBN) for approximately ISL 160 million on March 5, 2019. The completion of the transaction is contingent on the completion of the sale of an additional 23.33% of the shares of A.D.O. Group by the Shikun & Binui Ltd. until June 1, 2019. Shikun & Binui Ltd. may waive the fulfillment of the said condition in full or in part.

An unknown buyer completed the acquisition of 6.7% stake of A.D.O. Group Ltd. (TASE:ADO) from Shikun & Binui Ltd. (TASE:SKBN) on March 12, 2019. After the completion, Shikun & Binui holds approximately 7.5% of the shares of ADO.