Arax Holdings Corp. (OTCPK:ARAT) signed a letter of intent to acquire 75% stake in Core Business Holdings s.r.o. from Konrad Business s.r.o and other minority owners for ?18 million on December 13, 2022. Transaction is subject to the usual closing requirements, the transaction is anticipated to close in the upcoming two months.

arTax Consult s.r.o acted as business consultants and tax advisors to Arax Holdings Corp.