AFCON Holdings Ltd. (TASE:AFHL) signed an agreement to acquire 75% stake in DM (3000) Engineering Ltd. from Eurocom Digital Communications Ltd. for ILS 40.5 million on January 26, 2018. AFCON intends to finance the transaction from its own resources, while also examining other financing alternatives. The transaction is subject to the rights of the additional shareholder of DM, ADM Systems Ltd., which is under the control of DM´s Chief Executive Officer, and holds 25% of DM´s share capital. In addition, the completion of the agreement is subject to receipt of the unconditional approval of the Antitrust Commissioner and the consent of the financing banks of DM. If the suspending conditions do not take place within three months or until a later date to be agreed between the parties of the agreement, each party may, at its sole discretion, cancel the agreement.