An undisclosed fund agreed to acquire 80% stake in Rotem 1 Power Station from Brenmiller Energy Ltd (TASE:BNRG) for ILS 43 million on June 17, 2019. Pursuant to the terms, the buyer will pay 5% of the consideration on the date of signing of agreement and remaining 95% will be paid within 30 days of the date on which Brenmiller Energy will provide the buyer with an authorization to connect Rotem 1 Power Station to the electricity grid. The transaction is subject to number of customary conditions including like completion of due diligence examination and approval of the transaction by the relevant organs of the parties. An undisclosed fund cancelled the acquisition of 80% stake in Rotem 1 Power Station from Brenmiller Energy Ltd (TASE:BNRG) on June 17, 2020.