Lahav LR Real Estate Ltd (TASE:LAHAV) and its subsidiary Hagit & Ali Investments Ltd. agreed to acquire City A.K. Holdings Ltd. for ILS 39 million on July 27, 2017. Lahav LR Real Estate and Hagit & Ali Investments to undertake a ILS 30 million loan to finance the acquisition. As of July 27, 2017, Jerusalem Court approved the offer. As part of the consideration, ILS 26 million will be payable within 30 days from the approval and the remaining amount, ILS 13 million, will be paid within 60 days from the approval. As of October 19, 2017 the sale was approved by Jerusalem District Court.