Orian Sh.M. Ltd. (TASE:ORIN) agreed to acquire Aviv Shigur from SkyFund, The Fishman Group and Avi Fischer for ILS 13.5 million on October 15, 2012. Under the agreement, Orian will pay a total of ILS 13.5 million for all of the shares of Aviv Shigur, including the rights to loans granted by Aviv Shigur and its shareholders outstanding until the closing date and capital notes which are held by them. The transaction is subject to several pre-conditions, including the approval of the Aviv Shigur financing banks, approval of the Antitrust Commissioner and Aviv Shigur financial debt at the time of the transaction not exceeding a total of ILS 23 million.

At the time of the agreement signing, Orian will deposit by way of a trustee the amount of about ILS 1 million, until the fulfillment of various pre-conditions.