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As part of the update, which was approved by the Ministry of Communications, the Hungarian company will be able to purchase additional shares over the next three years until the allocation of 51% of Chall shares. In the first phase of the agreement, the Hungarian company will be allocated close to 20 million shares from the issued share capital at a price of NIS 4.7 per ordinary share.
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Alongside this, Halal reported at the end of August that the receiver of Eurocom Communications entered into an option agreement with Aharon Frankel to purchase 26% of the company’s issued and paid-up share capital at a price of NIS 4.58 per share, for NIS 29 million.