Eltrak CP Limited agreed acquire 6.405% stake in Eltrak S.A. (ATSE:ELTRK) from George Covas for €3 million on July 4, 2019. The offer per share is €3.288 and will be paid on the date of completion of the deal. In related transactions, Eltrak CP Limited signed 4 more agreements to acquire additional stake in Eltrak S.A. After all these transactions, Eltrak CP Limited will own approximately 66% and George Covas will own 0% stake in Eltrak S.A.. The completion of the transaction is subject to customary conditions and is expected to be effected within the July 2019.