British Israel Investments Ltd. reached into an agreement to acquire the remaining 50% stake in MLA Hanegev Entrepreneurs and Developers Ltd. from Lahav Group for approximately ILS 140 million on May 4, 2016. After completion, British Israel Investments will hold 100% stake in MLA Hanegev Entrepreneurs and Developers. Completion of transaction is subject to pre-conditions. British Israel Investments Ltd. completed the acquisition of the remaining 50% stake in MLA Hanegev Entrepreneurs and Developers Ltd. from Lahav Group on June 19, 2016.