In October 2019 Av-Gad Holdings Ltd and Beit Hasson shareholders signed an agreement to purchase Beit Hasson shareholders holdings in a subsidiary “Beit Hasson Entrepreneurship and Construction Ltd.” The PPA opinion intends to allocate the consideration of the acquisition and calculate the fair value of the intangible assets acquired, for the purpose of Av-Gad’s financial statements.
Impairment Test of goodwill that was recognized for investing in MediWound Ltd, which develops wound and burn treatments.
This project required an Impairment Test according to International Accounting Standard 36 and to the accounting policies of CBI.
In February 2016, the shareholders of Holmes Place and Go Active singed an acquisition agreement for 100% of share equity in Gal HaAtid Ltd., for shares in the sister company (Future Wave N.Y.B (96) Ltd.), and in the subsidiaries of Go Active. The suspending conditions were fulfilled on September 7, 2016.
In June 2018, an agreement was signed by Gilat, a subsidiary completely owned by Satcom Systems Ltd., and a communications firm in the Congo (RAGA), to complete a joint project that provides internet-based communication solutions Satellite services for clients in Africa.