Kravitz Ltd. agreed in principle to acquire Graffiti Ltd. from Hadera Paper Ltd. (TASE:HAP) for ILS 48 million on January 1, 2015. Hadera expects to post ILS 10 million gain on the sale of Graffiti.

Kravitz Ltd. cancelled the acquisition of Graffiti Ltd. from Hadera Paper Ltd. (TASE:HAP) on January 1, 2016.