Alex Shnaider entered into an agreement to acquire an additional 15.6% stake in Mishorim Development Ltd. (TASE:MSHR) from Gil Blutrich for ILS 45.2 million on October 19, 2016. Under the terms, the shares will be sold at ILS 9.5 per share. As of October 19, 2016, Gil Blutrich owns 52.68% stake and Alex Shnaider owns 21.38% stake in Mishorim Development Ltd. The deal is subject to pre-conditions which include financing entities approvals and expected to close on November 22, 2016. Alex Shnaider acquired an additional 15.6% stake in Mishorim Development Ltd. (TASE:MSHR) from Gil Blutrich on November 21, 2016.