AutoWallis has entered the car retail market of another country
The AutoWallis Group also entered the Czech car retail market after successfully closing the acquisition of three BMW dealerships from Stratos Auto. During the transaction, the dominant car trade and mobility service provider of the Central and Eastern European region bought BMW dealerships in Prague and two other Czech cities. The acquisition effectively supports AutoWallis’ strategy, which aims to expand further through acquisitions in addition to organic growth and business development.
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.
Related news
Car comfort features are changing rapidly
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >This is how they see the car of the future in China and Germany
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >AutoWallis’ revenue grew by over 20 percent in the first half of the year, thanks to improved efficiency
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
KSH: retail turnover in August exceeded the same period of the previous year by 2.4 percent and the previous month by 0.8 percent
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >NGM: purchasing power is increasing, retail trade is expanding – family tax cuts and food vouchers for pensioners are further strengthening turnover
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >K&H Analyst Commentary: There is still room for expansion in Hungarian stores
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >