Alpha Water 2 Limited Partnership entered into an agreement to acquire additional 30% stake in IDE Technologies Ltd. from Delek Group Ltd. (TASE:DLEKG) for ILD 350 million on January 1, 2019. In addition to the purchase consideration of ILS 350 million, Delek will also receive ILS 180 million as a distribution of dividends from IDE. Post the transaction, Alpha Water will hold 80% stake and Delek Group will hold 20% stake in IDE. The transaction is subject to fulfillment of certain conditions including approval from competent authorities and is expected to complete during the first half of 2019. As of February 28, 2019, certain conditions including approval from competent authorities were fulfilled. Post the completion, the parties will also enter into a shareholders agreement that includes inter alia the right of first refusal and of tag along.