Shimonov & Co. accompanied Elad Global Ltd (TASE:ELGL) and Netz Group Ltd (TASE:NETZ), both public companies traded in the Tel Aviv Stock Exchange, Elad Asia Ltd, controlled by Elad Sharon (Tshuva) and several additional investors, in a transaction for merging 100% of Netz USA Ltd into Elad Global.

The transaction included the publishing of a “regular purchase offer” of Elad Global shares, by Netz Group, Alid investments Ltd and Manage Line Ltd, which became the new controlling shareholders of Elad Global.