Quest Holdings exercises right to repurchase 20% ACS stake for €37 million plus adjustments

Bitget2026/11/03 13:08

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Quest Holdings will repurchase 66,000 registered ACS shares, representing a 20% stake, from GLS for €37 million, subject to adjustments.
The repurchase right was exercised on October 30, 2026, when GLS declined to exercise its right to buy 80% of ACS.
Completion is expected at the end of November 2026, restoring full ownership of ACS.
GLS bought the 20% stake in October 2024 for €74 million, with approximately €3 million in adjustments.
The overall transaction generates an estimated €37 million net financial benefit 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 November 03, 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 right to repurchase 20% ACS stake for €37 million plus adjustments

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