Leader Holdings & Investments Ltd. (through a controlled owned subsidiary) entered into a framework agreement with third parties to purchase residential units in Germany, in the overall value of Euro 150 million. This is one of the largest real estate acquisition transaction which was conducted by an Israeli company. The transaction is subject to, among other things, the execution of a financing agreement with a foreign financial institute which will finance approximately 90% of the acquisition. Leader’s part in the transaction is 32.5% and it will contribute approximately 4.5% of the capital required for the acquisition. The acquisition of all real estate properties in this transaction needs to be concluded within a six month period, with the initial real estate property acquisition (valued at Euro 50 million) to be concluded immediately after the execution of the credit facility agreement with the financial institute. Leader was represented by Adv. Yoram L. Cohen and Adv. Dana Livneh-Zemer