Athlone Investments Ltd. (TASE:ATLN) entered into a memorandum of agreement to acquire 75% stake in Vaninga for ILS 3.9 million in stock on March 13, 2014. Under the terms of the agreement, Athlone Investments Ltd. will issue 30 million shares of Athlone Investments Ltd. for the consideration. In addition, Athlone will provide a working capital loan to Vaninga in the principal amount of ILS 6.9 million ($2 million). The transaction is subject to negotiation and execution of a definitive share exchange agreement, and receipt of all necessary regulatory and Athlone's shareholder approvals. As of June 13, 2014, Athlone Investments Ltd. (TASE:ATLN) signed a share purchase agreement to acquire 75% stake in Vaninga. The currency conversion was done from www.oanda.com dated March 12, 2014.

Athlone Investments Ltd. (TASE:ATLN) completed the acquisition of 75% stake in Vaninga on August 20, 2014.