With a 12-month price target of HUF 164 and a buy recommendation, OTP Bank has started tracking AutoWallis Group’s shares.

A technical base is being developed near Budapest Ferenc Liszt International Airport by Sixt, a member of the AutoWallis Group, in the interest of preparing the Group for serving car sharing and even fleet management providers in addition to developing its car rental services.

On 23 August 2021, AW Property Korlátolt Felelősségű Társaság, which is 100% owned by the Company, signed a sale and purchase contract as a purchaser with First-Immo Hungary Kft., a company belonging to the STRABAG Group, as a seller in relation to the property located at the junction of Szerémi út and Építész utca (lot number: 43626/4) in the XI. district of Budapest.

AutoWallis has purchased an 18,000 square metre plot of land near Kopaszi-gát, a dynamically developing, frequented part of Újbuda, where the company plans to build a multi-brand vehicle sales and service centre encompassing several different brands.