Institutional investors signed an agreement to acquire 6% stake in Paz Oil Company Ltd. (TASE:PZOL) for approximately ILS 350 million on March 26, 2017. Institutional investors will acquire 0.61 million Ordinary Shares for ILS 580 per share. Dolphin Energies Ltd. and Instanz Holdings Ltd. received rights to participate in the acquisition for 14 days up to 0.21 million shares. Institutional investors signed an agreement to acquire 6% stake in Paz Oil Company Ltd. (TASE:PZOL) on March 27, 2018.