First Israel Mezzanine Investors Ltd., signed a definitive agreement to acquire 84.89% stake in Ashot Ashkelon Industries Ltd. (TASE:ASHO) from IMI Systems Ltd., for approximately ILS 290 million on October 21, 2021. Pursuant to the terms, the acquisition shall also cover all capital notes of Ashot Ashkelon Industries Ltd., held by IMI Systems Ltd., and Elbit Systems Ltd. The transaction is conditioned on various closing terms, including receipt of certain regulatory approvals.

First Israel Mezzanine Investors Ltd., completed the acquisition of 84.89% stake in Ashot Ashkelon Industries Ltd. (TASE:ASHO) from IMI Systems Ltd., for approximately ILS 290 million on June 30, 2022.