AutoWallis has entered the car retail market of another country

The AutoWallis Group has successfully closed another acquisition after it bought the three BMW dealerships of the Czech Stratos Auto following the previous approval of the Czech Competition Authority and meeting all the closing conditions. With the acquisition, the AutoWallis Group is now present in the Czech car retail market, in Prague, Hradec Králové and Pardubice, in addition to the Hungarian and Slovenian ones, while its wholesale business distributes several well-known car brands in 16 countries of the region.

In the first step of the transaction, the company listed in the Premium category of the Budapest Stock Exchange bought 80 percent of the company that owns the three BMW dealerships, which it will increase to 100 percent by acquiring the remaining share within two years.