Essence Partners Ltd. and Noi Magarim acquired 20.44% stake in Alon Gas Energy Development Ltd (TASE:ALGS) for ILS 0.03 million on February 2, 2023. Completion of the transaction is subject to additional conditions, including the approval of the Commissioner for Competition and the Commissioner for Petroleum, which as of the date of this report, there is no certainty that they will be met.

Essence Partners Ltd. and Noi Magarim completed the acquisition of 20.44% stake in Alon Gas Energy Development Ltd (TASE:ALGS) on February 2, 2023.