Spectator on facebook

Spectator on facebook

Tkáč has sold his energy business in EPH

The transation was announced last October.

Gas transmitter Eustream(Source: Sme)

Patrik Tkáč along with the financial group J&T sold their stakes in the Czech company Energetický a Průmyslový Holding (EPH), the ČTK newswire reported. The financial transaction of about €2.75 billion took place on February 24. Thus Daniel Křetínský has become the majority owner of EPH. Now he holds 94 percent of the company while the remaining 6 percent is in the hands of members of the company’s management.

In Slovakia, EPH holds stakes in the gas transmitter Eustream, SPP Distribúcia and is buying the 66-percent stake in Slovenské Elektrárne from the Italian energy group, Enel .

The holding published its plans for the change in ownership structure last October.

Read also: Read also:Patrik Tkáč and J&T are leaving EPH

Before the transaction Křetínský and Tkáč each held 37 percent in EPH, while the rest was owned by investors linked with J&T.

EPH was launched in 2009 as a joint venture of the PPF group of the wealthiest Czech Petter Kellner, J&T and Křetínský. It focused on doing business in energy and industry. Now it owns and operates assets in the Czech Republic, the Slovak Republic, Germany, Italy, the UK and Hungary.

Topic: Energy


Top stories

Camping in a tree? Try it in Bratislava

A creaking wooden floor and the wind swaying the branches of trees around you. Have you ever wondered how it would feel to spend a night in a tree house?

The tree-house at Kačín

Bratislava’s main railway station is getting a face lift

The derelict station still has to wait for its complete rebuild though.

The main railway station in Bratislava.

Wizz Air: Luggage changes have to wait until we train our staff

Clients of the Wizz Air airline will no longer have to pay for bigger hand luggage with a new service to be launched in late October.

Highways do not solve problems in hunger valleys

Recent analysis says that districts also need quality human capital, but the transport minister questions the results.

D1 highway, illutsrative stock photo