News

Extraordinary announcement

2024.11.14.

AutoWallis Nyilvánosan Működő Részvénytársaság (registered office: 1055 Budapest, Honvéd utca 20., company registration number: 01-10-047350, hereinafter referred to as “Company”) informs its honoured investors of the following based on Section 55 of Act CXX of 2001 on Capital Markets and Schedule 4 to PM Decree 24/2008. (VIII. 15.) PM:

The Company intends to acquire a 100% stake in the holding company MILAN KRÁL HOLDING a.s. (registered office: Litvínovice, Pod Stromovkou 211, Czech Republic; registration number: 0868483), for which it has submitted a request for preliminary approval to the Czech competition authority.

MILAN KRÁL HOLDING a.s. is the central holding company of the MILAN KRÁL Group. The group is active in the sale and servicing of four brands (BMW, Mercedes-Benz, Mercedes-Benz Truck, Ford), Opel brand service, used car sales under its own brand (auto.pro.Tebe) and a separate locksmith and polishing business in the city of Ceské Budejovice in the southern Czech Republic.

The Company would like to draw the attention of its investors to the fact that the sale and purchase agreement with the owner of MILAN KRÁL HOLDING a.s. is still in preparation and the Company will inform investors of its conclusion without delay. The closing of the transaction will be subject to the approval of the Czech competition authority and other closing conditions.