- Business News in English

Business News from Czech Republic by and several sources, collected all on one platform! Want to have your business news listed with us?  Contact us

AAA Auto group has new majority owner

Abris Capital Partners completed the acquisition of the majority stake in used car dealership chain AAA AUTO Group on November 20, 2014. The transaction was approved by the antimonopoly authorities in the Czech Republic, Slovakia, Ukraine and the Russian Federation. The transaction, worth EUR 220m, gave Abris control over ca. 95% of the group. AAA AUTO’s CEO Karolína Topolová has stated that the group wants to focus on its expansion in the coming months, primarily into Poland.