The assets subject to this transaction concern the import and distribution of Nissan vehicles, spare parts, and accessories, as well as the maintenance and repair of Nissan vehicles (including product inventories, certain contracts related to the Nissan brand activity, contracts with authorized repairers, etc.).
AutoWallis Nyrt., through its Hungarian subsidiary AW Distribution Kft., currently operates in Romania in the import and distribution of SsangYong vehicles, as well as spare parts and accessories for the SsangYong brand.
The Salvador Caetano Group from Portugal, which also operates in the assembly of vehicles, components, and distribution, does not currently carry out commercial activities in Romania.
NSN RO S.R.L. is the Romanian subsidiary of AutoWallis Caetano Zrt., which is a Hungarian company jointly controlled by the Hungarian AutoWallis group (50%) and the Portuguese Salvador Caetano group (50%).
Under the provisions of Competition Law no. 21/1996, this transaction must be authorized by the Competition Council, which will assess it to determine its compatibility with a normal competitive environment and will issue a decision within the legal deadline.