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

She faced Russian tanks in 1968. Today, she protests again Photo

There are no tanks pointing at us today, says Mária Homolková, who joined protests in SNP Square once again in March 2018 to secure a better life for her grandchildren.

Kiska appoints Pellegrini cabinet

The president approved the new government, despite some reservations. The new PM promises to investigate the murder of the journalist and his fiancée.

Peter Pellegrini's government

Organisers cancelled the Bratislava protest

But they are ready to monitor the steps of the new government closely and return to streets when necessary.

Andrej Kiska met with the representatives of the For a Decent Slovakia initiative.

There is still work to be done

2018 is not a re-run of 1989, but there is a connection.

Bratislava, March 16