AUTOMOTIVE SERVICE PROVIDER
Pursuant to the decision of the shareholders, the company with the seventh highest turnover listed on the Budapest Stock Exchange continues its operations under the name of AutoWallis. At the extraordinary general meeting of 17 December 2018, beside changing the name of the Company, the shareholders also appointed a new management team, amended the Articles of Association and authorised the Board of Directors to raise the Company’s capital and acquire treasury shares. The Company, formerly known as Altera and listed in the premium category of the Stock Exchange, was transformed entirely after Wallis merged its automotive group of four entities into the Company. AutoWallis has ambitious plans for growth: we aim to further strengthen our regional position, expand our market share and secure the necessary financing at even more favourable terms through our presence at the Stock Exchange.