ELTA subject of management buyout

17th September 2018 | 0 Comments
 
ELTA subject of management buyout
On 11 September ELTA Automotive was sold in a management buy out

ELTA Automotive Ltd has recently been the subject of a management buyout (MBO) with the goal of “making it fit…for its next 25 years”.

This latest development, which was formally agreed on 11 September, sees managing director Ian Hallam, who has worked with ELTA since the company was incorporated 25 years ago, become the company’s co-owner, alongside long-term European partner Luxline spol. s r.o – led by Vladimír Palacka. Ian Hallam and Luxline become equal shareholders of a new holding company, ELTA Investments replacing the previous holding company, Claverdon Fields.

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Category: Product News, UK News

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