AutoWallis could secure important stake in Romania’s car import market

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.

AutoWallis is already present in 16 countries in the region, representing 27 brands, while Salvador Caetano has significant experience in vehicle sales primarily on the Iberian Peninsula, in Scandinavia, and South America and Africa.

AutoWallis had (EUR 0,88bn) HUF 366bn revenue last year.

In the statement, the company said that the AutoWallis Group is continuing to expand its activities in the Czech Republic after purchasing the MILAN KRÁL GROUP, operating in the southern part of the country. As a result of this step, after buying three BMW dealerships from Stratos Auto this summer, they will be present in the Czech vehicle market with Ford and Mercedes-Benz in addition to BMW and in the sales and servicing of Mercedes-Benz Trucks.

As we wrote ten days ago, AutoWallis issues EUR 20m bond in private placement

Source: depositphotos.com