Quest Holdings S.A. announced that GENERAL LOGISTICS SYSTEMS B.V. (“GLS”) did not exercise its right on Friday, 30 October 2026, to buy 80% of the shares in ACS S.A. (“ACS”), under the share purchase agreement (SPA) signed by Quest and GLS in October 2024.
On the same day (30 October 2026), Quest exercised its own right under the SPA to buy back the 20% stake in ACS.
Specifically, on 30 October 2026, Quest sent GLS written notice requesting the repurchase and transfer of the 66,000 registered shares (20% of ACS’s share capital) held by GLS, for a consideration of €37 million, plus the adjustments provided for in the SPA. The repurchase and transfer are expected to be completed at the end of November 2026. Upon completion, Quest will own 100% of ACS’s share capital.
Quest transferred the 20% stake to GLS in October 2024 for €74 million, plus adjustments of about €3 million. The repurchase of the same stake represents a net financial benefit of about €37 million for the Quest Group from the transaction as a whole.