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Oct 19, 2020 16:33 EEST
19 (SeeNews) - Hungarian automotive group AutoWallis said on Monday it completed the acquisition of Slovenia's biggest BMW dealership, A-Cosmos, for an undisclosed sum.
"With this step, AutoWallis has also entered the country’s car retail market, and it is currently investigating the opportunities for the sale of further brands in Slovenia alongside the established German manufacturer’s vehicles," the Hungarian company said in a statement.
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AutoWallis’ subsidiary in Slovenia, Wallis Motor Ljubljana, is the new owner of A-Cosmos, which is also authorised to service MINI cars.
Wallis Motor Ljubljana has been an exclusive representative for Jaguar and Land Rover in Slovenia, and plans to start the wholesale of the Opel brand as well, once it obtains all relevant approvals, AutoWallis said.
AutoWallis' board member and managing director of Wallis Motor, Peter Antal, said in the statement that the aim of the takeover is to improve the sales results in the Ljubljana dealership, while increasing the market share of BMW in the country.
According to AtoWallis, BMW is a market leader among the premium brands on the Slovenian market, with 1,560 new BMW vehicles registered in 2019.
The Hungarian group is already present in 14 countries in Central and Eastern Europe. The group also aims to become a major mobility service provider in the region by 2029, it said.
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