Harel Insurance Investments & Financial Services Ltd (TASE:HARL) and ADO Properties S.A. (DB:ADJ) signed an agreement to acquire 43 residential buildings of 88000 square meters for €130 million on September 23, 2014. As a part of the transaction, ADO Properties will acquire 60% and Harel Insurance will acquire 40% stake in the buildings. The banks will fund €86.5 million via loans and the remaining will be funded proportionally by the parties as shareholder loans. The transaction is expected to close in January 2015.

Harel Insurance Investments & Financial Services Ltd (TASE:HARL) and ADO Properties S.A. (DB:ADJ) completed the acquisition of 43 residential buildings of 88000 square meters in January 2015.