Meijer Realty Partners B.V. entered into an agreement to acquire 53.37% stake in Polar Communications Ltd. (TASE:PLRC) from Leader Holdings & Investments Ltd (TASE:LDER) for ILS 36.9 million in cash on December 2, 2015. Under the transaction, Meijer Realty will acquire 57.32 million shares of Polar Communications at ILS 0.64392 per share which will be paid on completion. In a related transaction, Meijer Realty Partners made a tender offer to acquire 8% stake in Polar Communications for ILS 5.5 million. Leader Holdings will retain a 4% stake in Polar Communications upon completion. Completion of the transaction is subject to approval of Polar's competent organizations and the bank which will finance the operation. If the transaction is not completed by February 15, 2016, the agreement will be cancelled.

As of January 28, 2016, the transaction was approved by shareholders of Polar Communications Ltd.