Glilot Corner Ltd signed an agreement to acquire an additional 21.52% stake in Pi-Gliloth Petroleum Terminals & Pipelines Ltd. from Paz Oil Company Ltd. (TASE:PZOL) for approximately ILS 110 million on October 25, 2015. All the shareholders of Glilot Corner will provide, in equal shares, a loan to Glilot Corner totaling ILS 106 million. The transaction is subject to the Minister of Finance approval and the rest of the pre-conditions, to be fulfilled until January 31, 2016. Pi-Gliloth Petroleum Terminals & Pipelines Ltd. Glilot Corner Ltd cancelled the acquisition of an additional 21.52% stake in Pi-Gliloth Petroleum Terminals & Pipelines Ltd. from Paz Oil Company Ltd. (TASE:PZOL) on November 5, 2016.