An unknown buyer entered into an agreement to acquire 3.33% stake in A.D.O. Group Ltd. (TASE:ADO) from Shikun & Binui Ltd. (TASE:SKBN) for ISL 79.7 million on March 5, 2019. Shikun & Binui sold 0.92 million shares at a price of ILS 87 per share. In a related deal, an unknown buyer entered into an agreement to acquire 6.7% stake of A.D.O. Group Ltd. (TASE:ADO) from Shikun & Binui Ltd. The completion of the transaction is subject to the completion of the sale of an additional 26.67% of the shares of ADO by Shikun & Binui until April 1, 2019.

The Company may waive the fulfillment of the said condition in full or in part.