An undisclosed buyer acquired 2.6% stake in A.D.O. Group Ltd. (TASE:ADO) from Shikun & Binui Ltd. (TASE:SKBN) for ILS 45.1 million on December 31, 2017. Under the transaction, Shikun & Binui Ltd. sold 0.71 million shares of A.D.O. Group Ltd. at ILS 63.3 per share and reduced its stake in A.D.O. Group Ltd. to 37.5%. Pursuant to the sale of shares, Shikun & Binui Ltd. will record a gain of ILS 27 million in its financial statements.

An undisclosed buyer completed the acquisition of 2.6% stake in A.D.O. Group Ltd. (TASE:ADO) from Shikun & Binui Ltd. (TASE:SKBN) on December 31, 2017.