Zadik Bino sold a 12% stake in Paz Oil Company Ltd..

Paz Oil Company Ltd (Paz) is an Israel-based energy company, engaged in the refining, production, storage, importing and marketing of oil and refined products. It operates a network of retail filling stations and a convenience store chain of Yellow stores. Paz serves a diverse customer base: private customers, government companies, the Israel Defense Forces, private and public companies, agricultural farms, construction, infrastructure and airline companies, as well as international organizations. The Company's fuel products are distributed in several different channels: the private sector through Paz's fueling stations, and the corporate and wholesale sectors through Pazomat. In addition, cooking gas is distributed by Pazgas to the household, commercial and public sectors, while lubricants and chemicals are distributed through Paz Lubricants and Chemicals Sealing and Bitumen products are distributed by Pazkar.