News
Extraordinary information
2024.12.05.
AutoWallis Nyilvánosan Működő Részvénytársaság (registered office: 1055 Budapest, Honvéd utca 20., company registration number: 01-10-047350, hereinafter referred to as the “Company”) informs its investors pursuant to Section 55 of Act CXX of 2001 on Capital Markets and Annex 4 of PM Decree 24/2008 (VIII. 15.) on the following:
As the Company previously informed the investors, the Company intends to acquire 100% of the shares in the holding company MILAN KRÁL HOLDING a.s., (registered office: Litvínovice, Pod Stromovkou 211, Czech Republic; registration number: 0868483), for which it submitted a request for prior approval to the Czech competition authority.
The Czech competition authority has approved the transaction on this day. The Company will inform investors of the closing of the transaction without delay.
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 MILAN KRÁL Group’s revenue in 2023 was approximately 50 billion HUF in Czech koruna, with an EBITDA of 2.9 billion HUF in Czech koruna. Over the past three years, the Group has consistently increased its sales, achieving an EBITDA margin of over 6% under Czech accounting standards. (In comparison, the AutoWallis Group closed 2023 with a revenue of 366 billion HUF and an EBITDA of 20 billion HUF.)
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