An unknown third party buyer signed an agreement to acquire 97% stake in ESI Expert Systems Industries, Ltd from Formula Vision Technologies (F.V.T) Ltd. (TASE:FVT) for ILS 7 million on November 29, 2016. As per terms, consideration payable for the shares and for the sale of existing shareholders loans is ILS 7 million. Completion is subject to pre-conditions, to be fulfilled in the forthcoming days.