Eltrak CP Limited signed an agreement to acquire 32.39% stake in Eltrak S.A. (ATSE:ELTRK) from MELCOURT (JERSEY) LIMITED for €15 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% in Eltrak S.A. 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 32.39% stake in Eltrak S.A. (ATSE:ELTRK) from MELCOURT (JERSEY) LIMITED on July 22, 2019.