Eltrak CP Limited signed an agreement to acquire 10.9% stake in Eltrak S.A. (ATSE:ELTRK) from Covas Isabella for €5 million on July 4, 2019. The offer per share is €3.288 and will be paid on the date of completion of transaction. In related deals, Eltrak CP Limited signed 4 more agreements to acquire additional stake in Eltrak S.A. After all these deals, Eltrak CP Limited will own approximately 66% and Isabella Covas will own 0% stake in Eltrak S.A. after this deal. The completion of the transaction is subject to customary conditions and is expected to be effected within July 2019. Eltrak CP Limited completed the acquisition of 10.9% stake in Eltrak S.A. (ATSE:ELTRK) from Covas Isabella on July 18, 2019.