On November 23, 2021, Atrium European Real Estate Ltd announced that on October 18, 2021, the Independent Committee of the Board of Directors of the Company and the board of directors of Gazit Hercules 2020 Limited (Newco), which is an indirect wholly-owned subsidiary of Gazit-Globe Ltd (Gazit) announced that they had signed a definitive merger agreement for a recommended cash acquisition of the entire issued and to be issued ordinary share capital of the Company that is not already owned directly or indirectly by Gazit or its affiliates.