For up to three billion crowns, the financial group J&T, among other things, also goes after small investors. Through its subsidiary JTSEC CZ Financing 1, it offered investors a package of bonds, the sale of which the group intends to partially pay off the older debts of companies from the “family”. The Czech National Bank … Read more
Two European online marketplaces will open for Czech customers and retailers – the Polish Allegro and the German Kaufland. Both companies announced this independently on Tuesday. Allegro, which recently announced that it is also buying Mall Group e-shops in the Czech Republic, is already making the Allegro.com platform available to the Czechs, and Kaufland on … Read more
The Luxembourg-registered fund, according to a previous report to the Dutch stock exchange supervisor De Autoriteit Financiële Markten, held 20.12 percent of PostNL shares in early November. Investors must report whenever they exceed a certain proportion, namely 3, 5, 10, 15, 20, 25, 30, 40, 50, 60, 75 and 95 percent. PostNL is the dominant … Read more
One of the richest Czechs, Daniel Křetínský, will significantly increase his share in the AC Sparta Prague football club. Although Křetínský has been the club’s main face for a long time, in reality only ten percent belonged to the billionaire in Sparta. The majority was accounted for by the structures around the J&T Group, which … Read more
In addition to the previously purchased 44 percent stake in Energetický a průmyslový holding, J&T Capital Partners has currently invested in a stake in EC Investments. Co-ownership in companies doing business in the e-commerce sector, such as the online comparator Heureka or the online food retailer Košík.cz. – EC Investments currently also owns a minority … Read more
Favorable developments on world stock exchanges could continue in the coming weeks and months and carry over to next year. That’s what analysts approached by the E15 daily believe. Many major indices that measure stock prices have strengthened considerably this year and are reaching records. For example, shares of Chinese companies, domestic banks or securities … Read more
After last year’s economic downturn caused by the coronavirus pandemic, this year domestic banks are experiencing a solid year. Thanks to strong client demand for loans, especially mortgages, as well as lower risk costs, their total profit after tax increased by 30 percent year on year. The positive development was also confirmed by Česká spořitelna’s … Read more
Both companies have a long tradition and regular Czech and international customers not only in the rolling stock segment, but in the case of Cotring also in other industries. “The acquisitions are part of our strategic plan in the field of railway transport and complement our previous acquisition of Ponec. In addition to helping the … Read more
With the expiration of another deadline for acceptance of its voluntary takeover bid, the EPGC accepted proposals to sell 10.6 percent of the common stock and 1.84 percent of Metro’s preferred shares. The EPGC’s share of Metro’s common stock thus rises to about 40.6 percent from 29.9 percent before the takeover bid. Křetínský and Tkáč’s … Read more
The investment company EP Global Commerce of the Czech billionaire Daniel Křetínský and the Slovak investor Patrik Tkáč will increase its share in the German company Metro to more than 37 from the current 29.99 percent. According to the DPA, it accepted an adequate volume of offers for ordinary and preference shares. EPGC tried to … Read more