Tkáč has sold his energy business in EPH

The transation was announced last October.

Gas transmitter EustreamGas 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 Read more 

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.

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