PPF Reports Positive Results and Expands Investments 17th October 2023 PPF, the Czech investment group, has announced positive financial results for the first half of this year. The company has successfully dealt with most of the costs associated with its exit from Russia, according to a press release. The sale of the Filipino Home Credit … Read more
we unlock >>> PPF continues to strengthen in its newly built business. During the second quarter, it acquired a minority stake in the world’s largest yacht retailer, MarineMax. It paid over 700 million crowns for 5.4 percent. we unlock >>> The founder of Xixoio, Richard Watzke, was still the majority owner of the company at … Read more
A prominent figure is slowly disappearing from the shareholder structure of Moneta Money Bank. Klaus Umek, a bon vivant and investment banker, got rid of almost half of his share in the bank in mid-April. The head of the activist fund Petrus Advisors, who in 2021 loudly protested the merger of Moneta and the banking … Read more
The tax on extraordinary profits, or the war tax, applies to the largest banks and energy companies. The government of Petr Fiala (ODS) promises up to 120 billion kroner in addition to this year’s budget. However, Moneta complains that because of the tax, he will have to radically limit investment plans and also get rid … Read more
“The loss stems from the withdrawal of Home Credit from the Russian market. In this context, for me, it represents an expression of good morals rather than a failure,” said Jiří Šmejc, CEO of PPF Group, of the results. PPF and its Home Credit company announced in early September that it had completed the sale … Read more
Businessman Jiří Šmejc’s Emma Capital group is experiencing an unpleasant first. The German supplier of custom kitchens Küchenquelle, of which the Czech group holds 46 percent, has ended up in bankruptcy proceedings due to financial difficulties. Emma Capital, which is one of the largest investment groups in the Czech Republic, has sunk at least tens … Read more
Former Olympian Robert Změlík has apparently made a definitive end to his food supplement business. More precisely, it was made for him by his creditors, including the PPF group, to whom he owed a total of almost 900 million crowns this spring. The business of Zmlík’s company Netwomark has been in ruins for two years … Read more
PPF and Home Credit have signed an agreement with a group of individual investors, led by Ivan Tyryshkin, to sell their banking assets in Russia, including its subsidiaries. This means that the Home Credit Group is leaving Russia. PPF and Home Credit announced this in a press release on Tuesday. They did not disclose the … Read more
The segment of family houses may become a symbol of sobriety of the current residential real estate boom. Their supply on real estate portals has begun to grow, and demand in this part of the market is much more restrained than before. The phenomenon is most evident in the Central Bohemian Region, where the number … Read more
At the end of March, the largest Polish e-commerce platform Allegro completed the takeover of the domestic e-shop group Mall Group. In addition to cash, the Poles paid Czech businessmen shares of Allegro. However, their value is constantly declining – they have fallen by 33 percent since the announcement of the store at the beginning … Read more