Gad Gideon Netzer and an unknown buyer made an offer to acquire an additional 10% stake in Globrands Ltd. (TASE:GLRS) for ILS 55.3 million on January 9, 2019. Purchase consideration is made up of ILS 430.7 to be paid for each of the 117,600 shares. Post acquisition, Gad Gideon will hold 4.37% stake and the other buyer will hold 42.59% stake in Globrands. The transaction is expected to close by January 23, 2019. GHK Law acted as legal advisor for Gad Gideon, and the co-buyer. Gad Gideon Netzer and an unknown buyer completed the acquisition of additional 10% stake in Globrands Ltd. (TASE:GLRS) on January 23, 2019.