Leumi Partners Ltd., GP Global Power Ltd. and NOY 2 Infrastucture & Energy investment Fund signed an agreement to acquire 80% stake in Triple-M Power Plants Ltd. on November 2, 2016. Upon completion, GP Global Power Ltd. will hold 64% stake in Triple-M Power Plants Ltd. while Leumi Partners Ltd. and NOY 2 Infrastucture & Energy investment Fund will hold, 8% stake each and will have the option to increase it to 16% each. Leumi Partners Ltd. and NOY 2 Infrastucture & Energy investment Fund have also committed in the agreement to inject fresh capital to I.P.M. Beer Tuvia Ltd., an 84% subsidiary of Triple-M Power Plants Ltd., in the amount of ILS 169 million each, to comply with the regulations established by the Electricity Authority. The transaction is subject to pre-conditions, including the Electricity Authority’s approval for the change of ownership.