Be Drugstores Ltd., agreed to acquire 51% stake in Bela Online Ltd., from Rekah Pharmaceutical Industry Ltd. (TASE:REKA) and others for ILS 4.8 million on August 22, 2019. Pursuant to the terms of the transaction, 1) the sum of ILS 1.25 million will be transferred to Bela against issue of its shares, 2) part of the compensation shall be paid by way of repaying owner loans and paying cash to existing shareholders, 3) part will be paid to the existing shareholders on January 1, 2021, along completion of a condition established in the deal in a way that the inclusive consideration for Rekah Pharmaceutical Industry Ltd., shall stand at ILS 4.3 million. As part of the deal, Rekah Pharmaceutical Industry Ltd., shall keep 44.1% of Bela’s share capital. Completion of the deal is subject to receipt of customary approvals, among them, receipt of the Competition Commissioner's approval, within 60 days of the agreement being signed. Rekah Pharmaceutical Industry Ltd., estimates that the deal will be completed by the end of 2019.