Quest has announced the acquisition of 70% of the share capital of Benroubis S.A. for a total consideration of approximately €26 million, following the approval of the competent competition authorities.

According to an official statement, the agreement provides for the possibility for Quest S.A. to acquire the remaining 30% stake in 2027.

Benroubi S.A. has a 140-year history in the household equipment sector and is a leader in the distribution of electrical and household appliances as well as personal care products.