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.