Azrieli Group Ltd (TASE:AZRG) signed an agreement to acquire Ahuzat Bayit Raanana Retirement Home Ltd from Exor Investments (Israel) Ltd. for ILS 55 million on March 23, 2016. The full consideration is scheduled to be paid on the transaction closing date. Azrieli Group intends to finance the transaction from independent sources. The transaction is subject to approval of the antitrust commissioner and expected to be concluded within 120 days. Azrieli Group Ltd (TASE:AZRG) completed the acquisition of Ahuzat Bayit Raanana Retirement Home Ltd from Exor Investments (Israel) Ltd. on May 25, 2016. The Antitrust Commissioner approved the transaction.