Jerusalem Economy Ltd. (TASE:ECJM) signed an agreement to acquire additional 36% stake in Mondon Investments Ltd. from Industrial Buildings Corporation Ltd. (TASE:IBLD) for ILS 7.6 million on November 6, 2016. Upon completion, Jerusalem Economy Ltd. will increase its stake in Mondon Investments Ltd. to 72% while Industrial Buildings Corporation Ltd. will exit. The transaction was approved by the Board of Jerusalem Economy Ltd. and is subject to approval by shareholders of Industrial Buildings Corporation Ltd. Moti Dattelkramer of BDO acted as financial advisor for Mondon Investments.