A third party signed an agreement to acquire 24.05% stake in SAS GJE Promoting France from A.D.N Global Equity Ltd. (TASE:ADN) for €4 million on May 29, 2016. A total of €0.55 million will be paid upon signing of the agreement; a total of €1.45 million will be paid until June 29, 2016 and a total of €2 million will be paid until August 29, 2016. A total of €2.2 million will be used to redeem a shareholder loan granted by A.D.N Global Equity to GJE. The Board of A.D.N Global Equity approved the deal.