Israeli food importer G. Willi-Food International has successfully completed its tender offer to take control of its subsidiary, Gold Frost.

An aggregate of 2,710,388 Gold Frost shares and depositary interests were duly tendered at a price of seven pence each, the company revealed.

Willi-Food has taken ownership of more than 95% of Gold Frost and, in accordance with Israeli law, the company will purchase the remaining shares and depositary receipts.