BÉT Prémium kategória

Information on the foundation of a joint venture


In accordance with Sections 55 and 56 of Act CXX of 2001 on the Capital Market and in order to comply with the disclosure requirement set out in PM Decree No. 24/2008. (VIII. 15.), AutoWallis Nyrt. (registered office: 1055 Budapest, Honvéd utca 20.; hereinafter: Company) hereby informs market participants as follows.

AutoWallis Caetano Holding Zártkörűen Működő Részvénytársaság (registered office: 1055 Budapest, Honvéd utca 20.) was established on 6 April 2022, with the Company and Salvador Caetano Auto, SGPS, S.A. (registered office: Avenida Vasco da Gama, 1410, 4430-247 Vila Nova de Gaia, Portugal) each owning a 50% share in the entity.

The foundation of the entity is part of a transaction aimed at the acquisition of Renault Hungária Kft. (registered office: 1138 Budapest, Váci út 140.), the business that owns the Hungarian import rights for Renault, Dacia and Alpine brands. This is because on 6 April 2022 the Company entered into a trilateral agreement with Renault Group and Salvador Caetano Group on the acquisition of Renault Hungária Kft. The closing of the transaction is contingent on the fulfilment of several criteria, including an approval by the competent competition authority.