Quest Holdings exercises option to repurchase 20% ACS stake from GLS for €37 million plus adjustments

Bitget2026/10/30 15:25

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Quest Holdings exercised its option on October 30, 2026, to repurchase GLS's 20% ACS stake for €37 million, subject to adjustments.
The purchase covers 66,000 registered shares; completion is expected by end-November 2026, bringing its ACS ownership to 100%.
GLS did not exercise its option to buy the remaining 80% on October 30 under the October 2024 share purchase agreement.
The original 20% stake sale to GLS in October 2024 fetched €74 million, with adjustments of approximately €3 million.
The repurchase represents an overall net financial benefit of approximately €37 million for the group.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Quest Holdings SA published the original content used to generate this news brief on October 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Quest Holdings exercises option to repurchase 20% ACS stake from GLS for €37 million plus adjustments

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