Mega Or Holdings Ltd. (TASE:MGOR) and Bronfman Fischer Group signed an agreement to acquire 73 acres land located in Beer Sheva for ILS 42.6 million on August 16, 2016. Mega Or Holdings will own 1/3 of the land while Bronfman Fischer will own 2/3 of the land. Mega Or Holdings will pay ILS 17.75 million as its share of consideration. The consideration for the transaction is payable in two installments. The agreement is subject to the Court’s approval. As of August 28, 2016, the transaction was approved by court.