Tomáš Brzobohatý, Petr Kellner’s elite lawyer and long-time close associate, who was present at all important PPF Group stores, is leaving PPF’s management. The company announced this on its website. Experienced dealmaker Tomáš Brzobohatý at the end of March, he will resign from the position of a member of the PPF Group’s management committee and … Read more
According to Wall Street’s optimistic voices, the group’s growing emphasis on the Czech market and consumer business could earn tens of percent within a year and a day, also thanks to the impending increase in the shares of some major shareholders. “The success of the transaction may symbolize the gradual potential departure of PPF from … Read more
On Monday, Moneta Money Bank shareholders agreed to merge with PPF’s banking division, which includes Air Bank, Czech and Slovak Home Credit and Benxy (Zonky). At the same time, the General Meeting approved the financing of the transaction, ie an increase in the bank’s share capital for the subscription of new shares. This was stated … Read more
Moneta Money Bank from 20 November, it will pay interest on clients’ savings of up to one million crowns at a rate of 2.5 percent, without any other conditions. bank wire increases the interest on the Fio savings account to 1.5 percent for an amount of up to CZK 200,000. The change will take effect … Read more
“The PPF Group continues to promote its vision of creating a strong domestic bank with Czech capital. The merger of the Air Bank Group with Moneta seems to be a very suitable, but not exclusive, platform for this purpose. In a situation where the financial and commercial results of the Air Bank Group significantly exceed … Read more
“We will refrain from any comments on the activities of our shareholders,” says Zuzana Filipová, spokeswoman for Moneta Monety Bank, about Belviport’s purchases. Tykač’s company went from zero to 4.33 percent this year, which corresponds to the current value at the threshold of two billion crowns. Economists have previously emphasized the two possible motivations of … Read more
“The longer it takes the PPF Group to start and possibly finalize new negotiations, the higher the price it will have to offer as part of the mandatory takeover bid,” says Cyrrus economist Tomáš Pfeiler. On June 22, Moneta’s shareholders rejected a key parameter of the merger with PPF’s banking division, after which a trio … Read more
61.9 percent of the present shares were in favor of the merger with the PPF banking division, and 50 percent were approved for approval. Moneta Zuzana Filipov informed about it. In the next vote, it was necessary to approve the funding phase, at least 75 percent of the vote. There was only a 61.69 percent … Read more
At the Extraordinary General Meeting, Moneta’s shareholders did not approve the proposed financing of the merger with the banking part of PPF, which includes Air Bank, Czech and Slovak Home Credit and Benxy, which was needed to complete the transaction. Earlier, they agreed on the intention of the merger, said Moneta spokeswoman Zuzana Filipová 61.9 … Read more
The merger of Moneta Money Bank and the banking division of the PPF Group has another opponent. It is Monety’s minority shareholder, the California State Teachers’ Retirement System (CalSTRS), a fund of teacher retirement savings in California. He is Moneta’s first shareholder to hear the recommendation of respected overseas shareholder advisors to vote against the … Read more