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. Eltrak CP Limited completed the acquisition of 6.405% stake in Eltrak S.A. (ATSE:ELTRK) from George Covas on July 18, 2019.