An unknown buyer acquired 0.13% stake in Paz Oil Company Ltd. (TASE:PZOL) from Bino Holdings Ltd. for ILS 8.2 million on September 18, 2016. Under the terms, Bino Holdings Ltd. sold approximately 0.01 million shares of Paz Oil Company Ltd. (TASE:PZOL) at a price of ILS 582.66 per share. Further, Bino Holdings has committed to sell 4,313 additional shares at the same share price. Pursuant to disposal, Zadik Bino Gil Bino, Hadar Bino-Shmueli and Dalia Lev of Bino Holdings Ltd. resigned from Paz Oil. The stake was sold to comply with the Law for Promotion of Competition and Reduction of Concentration. An unknown buyer completed the acquisition of 0.13% stake in Paz Oil Company Ltd. (TASE:PZOL) from Bino Holdings Ltd. on September 18, 2016.