Gabay Rental and Development Ltd (TASE:GBPR) acquired additional 33.52% stake in The New City TLV Ltd. from a third party for ILS 4.3 million on July 25, 2019. The deal value will be paid in cash. Pre deal, Gabay Rental and Development Ltd held 35.25% stake and post completion of the deal, it holds 68.77% stake in The New City TLV Ltd. Gabay Rental and Development Ltd (TASE:GBPR) completed the acquisition of additional 33.52% stake in The New City TLV Ltd. from a third party on July 25, 2019.