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: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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Theme: Energy


Top stories

Šefčovič will run for president

Our country needs good and non-partisan president, he said.

Maroš Šefčovič

Theresa May at least has the courage to try

May keeps her job because nobody else is capable, or willing, to take on the impossible task of Brexit.

Theresa May

‘All his own work’

To preserve their credibility, real academics must call out plagiarism.

Speaker of Parliament Andrej Danko

Biathlete Kuzmina triumphs in the women’s 10km sprint

It is her second World Cup victory this season.

Anastasiya Kuzmina