Isramco Negev 2 Limited Partnership (TASE:ISRA.L) signed an agreement to acquire INOC- Dead Sea Limited Partnership (TASE:HLDS.L) for approximately ILS 950 million on November 20, 2016. As reported, 1.4 billion participation units of Isramco Negev will be issued to INOC's rights holders. Out of which, 99% will be issued to the eligible rights holders, at a ratio of 45.2 of Isramco's participation units for each participation unit held of INOC and remaining 1% will be issued to INOC’s General Partner. In a related deal, Isramco Negev 2 Limited Partnership signed an agreement to acquire Naphtha Exploration LP (TASE:NFEX.L) for approximately ILS 1.7 billion on November 20, 2016. Post-acquisition, INOC and Naphtha Exploration will be merged into Isramco Negev 2 so that the entirety of their assets and liabilities will be transferred to Isramco Negev. The deal is expected to close on December 31, 2016. Agmon & Co. Rosenberg Hacohen & Co. acted as legal advisor to Isramco Negev 2 Limited Partnership. As on June 1, 2017, all the conditions related to the acquisition are fulfilled and the transaction is expected to close on June 6, 2017.