The shares increased 15 percent to 4.505 shekels, the highest since August 2007, at the 4:30 p.m. close in Tel Aviv, giving the company a market value of 166 million shekels ($47 million). Medtechnica advanced 3.4 percent to 28.07 shekels.
Eldav will sell the stake to Ilex Medical Ltd. for 190 million shekels, it said. Ilex Medical rose 1.8 percent to 37.99 shekels.
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