Businessman Daniel Křetinský to gain 94-percent stake in Czech energy group

Czech businessman Daniel Křetinský will gain a 94-percent stake in Czech energy group EPH following deals with Patrik Tkáč and financial partners J&T private equity group, sources including news site idnes.cz reported on Monday. The remaining six percent will be divided among the current management, the news site noted. Until now, Mr Křetinský, Mr Tkáč and J&T were owners of roughly one-third each. The deal, in the coming years, will yield between 1.7 and 2.7 billion euros for Mr Tkáč depending on share prices. Likewise, it was announced on Monday, Czech energy group EPH agreed to sell a 30 percent stake in its EP Infrastructure (EPIF) unit to an investor group led by Macquarie Infrastructure and Real Assets.

Author: Jan Velinger