Czech Energy Trading Companies Sev.en Commodities and EP Commodities Report Record Profits in 2022 Despite Challenging Market Environment

Czech Energy Trading Companies Sev.en Commodities and EP Commodities Report Record Profits in 2022 Despite Challenging Market Environment

The two largest Czech energy trading companies in 2022 recorded an unprecedented increase in profits. While Pavel Tykač’s Sev.en Commodities earned almost 23.7 billion crowns, EP Commodities from Daniel Křetínský’s EPH 19.5 billion. In both cases, according to the published annual reports, the value is roughly ten times higher than in the previous year. None … Read more

Atos President Vows Commitment to Transparency in Exclusive Interview

Atos President Vows Commitment to Transparency in Exclusive Interview

“We made a commitment to transparency when I was named board chair.” Atos EXCLUSIVE – For his first interview since his arrival at the helm, the president of Atos wants all stakeholders to take their responsibilities to avoid the collapse of the group. Those who know him use the same formula: Jean-Pierre Mustier is “on … Read more

These shares are making money for Křetínský this year. Goldman predicts further growth for them

These shares are making money for Křetínský this year.  Goldman predicts further growth for them

Betting on shares held by the Vesa Equity Investment fund of Czech-Slovak billionaires Daniel Křetínský and Patrik Tkáč was not a direct path to profits this year. For example, the securities of the Dutch postal and logistics company PostNL have fallen by a fifth since January, and the same applies to the French electronics store … Read more

Restructuring Deal Saves Casino from Bankruptcy: Takeover by Czech Billionaire and British Fund

Restructuring Deal Saves Casino from Bankruptcy: Takeover by Czech Billionaire and British Fund

The deal is intended to prevent the retail chain from going bankrupt. Trading in Casino shares, which was suspended for one day on Wednesday at the company’s request, will resume today. The restructuring is expected to be completed in the first quarter of 2024. Casino has been on the brink of insolvency after years of … Read more

Křetínský’s Proposal to Strengthen Casino’s Capital and Potential Ownership Change

Křetínský’s Proposal to Strengthen Casino’s Capital and Potential Ownership Change

Casino’s board of directors will meet on Monday afternoon and, according to the sources of the French daily, should support Křetínský’s proposal to strengthen the chain’s capital. Křetínský could become the majority owner of Casino at the beginning of autumn, writes Le Figaro. Casino, which includes the Monoprix and Franprix chains, for example, had a … Read more

Novinky: Křetínský Emerges as the Leading Stakeholder of French Chain

Fnac Darty is a retail chain that sells books, music and electronics. French average reported on the development about a week after the media conglomerate Vivendi announced exclusive negotiations with one of the companies of the Cretan Empire on the sale of the Editis publishing house, which is the second largest in France. At the … Read more

A majority share, four billion and a collision with Sparta. Krétínský is supposed to take over West Ham

“If he were to acquire the mentioned 25 percent of the shares, his share would increase to 52 percent and he would thus become the majority shareholder of the club,” he wrote on Monday morning. Football Insider with the fact that Křetínský would like to take this step. The aforementioned David Gold, who died in … Read more

The billionaire Křetínský bought a villa around Paris, he will transform it into a luxurious lodge

The a few-story palace properties a hundred rooms, which includes a ceremonial corridor with 24 Greek-fashion columns. The 18th-century castle has belonged to the Frotier de Bagneux and de Pourtalès households for over 100 a long time. But tourist excursions and rentals for filming or private functions were being no for a longer period enough … Read more

Krétínský purchased a villa near Paris, the French media generate

In accordance to Le Monde, a luxurious hotel will be developed right here providing equestrian routines. In accordance to the newspaper, Křetínský’s consultant in France declined to remark on the transaction. – The 3-tale palace properties a hundred rooms, including a ceremonial hall with 24 Greek-fashion columns. The 18th-century castle has belonged to the Frotier … Read more

RWE apparently suspended the sale of Czech gas storage facilities – ČT24 – Czech Television

RWE started selling the tanks a week ago. She first said that she had received favorable feedback from potential applicants from Europe. According to HN, in the end, the Hungarian state-owned company MVM and the KKCG group of billionaire Karel Komárek did not submit an offer alongside ČEZ. “The competition has been suspended and we … Read more