Tadiran Holdings Ltd (TASE:TDRN) agreed to acquire 75% stake in Eliran Solar Ltd. for ILS 62.6 million on December 9, 2020. Pursuant to the terms, basic consideration of ILS 45.27 million is payable at completion. The basic consideration will be adjusted by ILS 10 million on the date of signing the audited financial statements of Eliran Solar as of December 31, 2020. The remaining ILS 7.36 million is dependent upon Eliran Solar achieving certain performance targets in 2021 and 2022. Tadiran Holdings will be granted call option to acquire the remaining 25% shares in Eliran Solar. In 2019, Eliran Solar reported revenues of ILS 115.1 million, operating profit of ILS 12.5 million and net profit of ILS 9.5 million. The transaction is subject to receipt of all customary approvals and is approved by the Board of Tadiran Holdings. Tadiran Holdings Ltd (TASE:TDRN) completed the acquisition of 75% stake in Eliran Solar Ltd. on January 1, 2021.