Ampal-American Israel Corporation (Ampal) primarily acquires interests in businesses located in the State of Israel or that are Israel-related. The Company�s investment focus is principally on companies or ventures where Ampal can exercise significant influence, on its own or with investment partners, and can use its management experience to enhance those investments. It focuses to invest in undervalued assets with an emphasis in sectors, such as: Energy, Chemicals, Telecommunications, Real Estate, Project Development and Leisure Time. On January 31, 2010, Ampal, through its indirect wholly owned subsidiary Merhav Ampal Energy Ltd. (MAE) and MAE's wholly owned subsidiary 012 Smile Telecom Ltd. (012 Smile, formerly Ampal Investments and Communications 2009 Ltd.), closed the transaction to purchase the on-going business of 012 Smile Communications Ltd.