Electra Investments (1998) Ltd signed an agreement to acquire an additional 12.5% stake in Midtown Ltd from Electra Real Estate Ltd. (TASE:ELCRE) for ILS 42 million on December 22, 2016. The Audit Committee and Electra Ltd's Board approved an agreement. Completion is subject to pre-conditions, such as the approval of the financing banks and General Meetings approvals. Electra Investments (1998) Ltd completed the acquisition of an additional 12.5% stake in Midtown Ltd from Electra Real Estate Ltd. (TASE:ELCRE) on March 8, 2017.