Summit Real Estate Holdings Ltd. (TASE:SMT) sold 6.68% stake in Jerusalem Economy Ltd. (TASE:ECJM) for approximately ILS 150 million on January 4, 2018. Under the terms of the transaction, 16 million shares were sold at the price of ILS 9.45 per share. Upon completion, Summit Real Estate will hold 3 million shares of Jerusalem Economy representing a 1.25% stake.

Summit Real Estate Holdings Ltd. (TASE:SMT) completed the sale of 6.68% stake in Jerusalem Economy Ltd. (TASE:ECJM) on January 4, 2018.