Israel Canada (T.R) Ltd (TASE:ISCN) agreed to acquire an additional 37.4% stake of Midtown Ltd. from Eurocom Real Estate Ltd. for ILS 140 million on January 27, 2019. Under the terms of the transaction, the deal will take place with two ILS 70 million payments: one on March 9, 2019 and the other on November 15, 2019. Following the completion of the transaction, Israel Canada (T.R) Ltd will hold 56% stake and another 25% held by Electra in Midtown Ltd. As of January 27, 2019, Tel Aviv District Court approved the transaction.