Billionaire Patrik Tkáč is preparing significant transfers of his assets. After the financial group announced today that Patrik Tkáč is consolidating its key investments under the roof of the new holding J&T Capital Partners, other important information followed.
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The flagship fund of the J&T Investments group sent the regulator – the Czech National Bank – information that it is considering an intention to buy a stake in the entire J&T Capital Partners holding.
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“The J&T Investments SICAV is assessing its intention to invest in shares of J&T Capital Partners. The final decision on the investment has not yet been made, “reads a document published today in the Central Repository of Regulated Information of the Czech National Bank.
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The information for the CNB thus confirms yesterday’s information to the SZ Byznys server that the Slovak billionaire Patrik Tkáč intends to sell part of his share in the Energy and Industrial Holding (EPH) to the J&T Investments fund. EPH is part of a new holding company to which other assets will be transferred.
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So the investment of the J&T Investments fund, if it occurs, will be even more significant than just EPH. J&T Banka owns 13 percent of the fund and 87 percent is owned by private investors.
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Patrik Tkáč, co-founder of the J&T Finance Group, announced today that he is consolidating joint investments with Daniel Křetínský in the J&T Capital Partners holding. The holding company has already bought a 44 percent stake in EPH, which combines the original investments in energy, and will buy additional ownership shares in the coming months, which are now under Tkáč’s control. Among other things, the holding will buy a 44 percent stake in the parent company of the AC Sparta Praha football club.
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“Combining our shares in the common portfolio with Dan under one structure will, in addition to undoubtedly greater clarity, bring a significant simplification of financing the development of both existing projects and future investment opportunities,” said Patrik Tkáč to create a new holding.
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Great consolidation
J&T Capital Partners will be a company under the sole control of Tkáč, however, the J&T Private Equity Group Limited will play a significant economic and capital role.
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The holding will also acquire a 44% stake in EP Equity Investment Sárl (EPEI) in the coming months, a minority investment firm in listed companies such as Royal Mail, Foot Locker, Sainsbury’s or PostNL, and a 44 percent stake in EP Global Commerce (EPGC) ), ie the company covering the investment in the German trading company Metro AG, which owns Makro wholesalers in the Czech Republic.
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The new holding will also include a 44% stake in EC Investments (ECI), an e-commerce purchasing company, and a 40% stake in Czech Media Invest (CMI), which covers media investments, and other Tkáč’s holdings.
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Tkáč, a native of Bratislava, is one of the richest people in the Czech Republic and Slovakia. Last year, his assets were estimated by Forbes magazine at 600 million euros (over 15.5 billion crowns).
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In recent years, Tkáč has moved mainly in the structures around the J&T investment group, which it co-founded more than two decades ago. His father Jozef helped him on his way to the upper floors of business.
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According to last year’s ranking of Forbes magazine, Křetínský is one of the richest Czechs with assets worth 78 billion crowns.
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