Ybox Real Estate Ltd. (TASE:YBOX) signed an agreement to acquire 50% stake in Wallenberg Towers Ltd. from Union Europa Israel Investments Ltd. for ILS 10.6 million in stock on November 29, 2016. Under the terms of consideration, Ybox Real Estate agreed to issue approximately 11.4 million ordinary shares. In addition to the allotment of shares, Ybox Real Estate made a commitment for a provision of a credit line to Wallenberg Towers in an amount of ILS 25 million. The share issuance is subject to TASE’s approval and approval of general meeting of Ybox Real Estate. As on November 30, 2016, the board of Ybox approved the issuance of shares.