Melisron Ltd. (TASE:MLSR) entered into agreement to acquire additional 24% stake in Azorei Mallal Industries Ltd for approximately ILS 190 million on July 19, 2016. 20% stake in Azorei will be acquired for ILS 160 million, payable in cash and up to an additional 4% stake in Azorei for up to ILS 32 million, to be paid in cash or through the allocation of new shares of Melisron. On closing, Melisron will hold 75% of Azorei. Completion of the transaction is subject to the fulfillment of pre-conditions.