Carasso Motors Ltd. (TASE:CRSO) agreed to acquire Calauto Financing Services (1998) Ltd from Samuel and Ella Klein on December 18, 2019. The transaction will be executed without cash, except by taking on the company's liabilities of ILS 1.45 billion. As of December 31, 2018 assets of ILS 1.6 billion. The deal is conditional on the fact that at the end of the preparation of new reports according to IFRS, the shareholders' equity will amount to at least ILS 100 million. Carasso was represented in the deal by attorneys Donnie Toledano, Lior Oren, Roy Gross and Iris Kushel of Erdinast, Ben Nathan. Erdinast, Ben-Nathan & Co acted as legal advisor for Carasso Motors Ltd. Attorney Amir Bartov and Ayelet Berkowitz of Shimonov & Co acted as legal advisor for Calauto Financing Services (1998) Ltd. Doron Shahrabi and Yossi Dangot of Ernst Young and Eyal Yadvav Mardahan advised on the transaction.