With this newest transaction, AutoWallis can start its activities in three of the nation’s cities, starting off with a focus on the BMW brand. More than half of AutoWallis’s revenue has already been obtained from international markets, which can further increase in the future.

The AutoWallis Group can enter the retail market of yet another country in the region after the Czech competition authority approved the purchase of Stratos Auto’s BMW division. The closing conditions for the acquisition can be met in full — in all likelihood in the first half of this year — after the authorization is obtained. After this step, AutoWallis will be present on the Czech retail market in addition to the Hungarian and Slovenian markets while its Distribution Business Unit can distribute a number of prestigious vehicle brands in 16 countries in the region. As the first step in the transaction, the Prime category Budapest Stock Exchange company is purchasing 80% of NC Auto s.r.o., which share will be increased to 100% within two years by acquiring the remaining shares.

AutoWallis obtains competition authority authorization for entering the Czech vehicle retail market