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AutoWallis could secure important stake in Romania’s car import market
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Listed car seller AutoWallis on Monday announced that it is to obtain distribution rights for Nissan in Romania together with the Portuguese Salvador Caetano Group, as the new national importer for the brand.
AutoWallis said, under the deal it concluded, AutoWallis Caetano – a joint venture in which it and Salvador Caetano each hold a 50pc stake – is to acquire exclusive Nissan distribution rights in Romania, providing regulatory conditions are met.
The start of operations of the new organisation is scheduled for June 1st, 2025.
AutoWallis CEO Gábor Ormosy said this is the third shared venture between the Hungarian and Portuguese companies: AutoWallis and Caetano Group joint ventures companies hold the importer rights of Renault, Dacia, and Alpine in Hungary and own a Renault and Dacia retail unit in Budapest.
He added that AutoWallis will continue its independent growth, developments, acquisitions, and the implementation of its strategy in other areas.