Domestic financier Jiří Šmejc wants to continue investing heavily in renewable energy. His company Premier Energy, which is one of the largest gas and electricity distributors in Romania and Moldova, announced a plan to sell part of its shares on the stock exchange. As part of the initial public offering (IPO), Premier Energy wants to … Read more
When Petr Kellner, the richest Czech and the majority owner of the PPF business empire, died tragically in Alaska almost three years ago, few knew what his wife looked like. But that has changed and Renáta Kellnerová is now practically synonymous with PPF. In an interview with the Bloomberg agency, she described her ideas about … Read more
In addition to the Czech Republic, Packeta also operates in Slovakia, Poland, Hungary, Romania and Germany. In May of this year, Packeta’s shareholders announced that they would sell the company. The new owner was chosen in a public competition. “Completion of the entire transaction is subject to the approval of the European Union’s competition authorities,” … Read more
You are reading a sample from the Cash Only newsletter, in which Martin Jašminský, Zuzana Kubátová and Jiří Zatloukal comment on events in Czech business every Friday. If you are interested in Cash Only, subscribe to the newsletter. The winners of the current situation are clearly smaller banks such as Fio or Trinity, which achieve … Read more
The richest woman in the world is the heiress of the French cosmetics empire L’Oréal Françoise Bettencourt Meyers ($75.4 billion). Followed by Alice Walton, the heiress of the founder of the retail company Walmart, with the amount of 59.1 billion dollars, and Julia Koch and her family (58 billion dollars). The ex-wife of the founder … Read more
Renáta Kellnerová and her family are ranked 12th among the richest women in the world by Forbes magazine. The 55-year-old widow of PPF investment group owner Petar Kellner, who tragically died the year before last March, is worth $16.3 billion (more than CZK 372 billion), according to the ranking. Overall, she ranked 100th, making her … Read more
“The loss stems from the withdrawal of Home Credit from the Russian market. In this context, for me, it represents an expression of good morals rather than a failure,” said Jiří Šmejc, CEO of PPF Group, of the results. PPF and its Home Credit company announced in early September that it had completed the sale … Read more
In the Philippines, Krungsri Bank and MUFG Bank are buying 75% and 25% of Home Credit Philippines for a total of 406 million euros (about CZK 9.89 billion). In Indonesia, Krungsri Bank, Adira and an Indonesian investor are buying 75%, 10% and 15% stakes in Home Credit Indonesia for a total of 209 million euros … Read more
PPF is now a minority shareholder and owns four million shares of Cohn Robbins Holdings (CRHC), with which Allwyn announced a merger previously this yr. – Allwyn operates lotteries in the Czech Republic, Italy, Austria, Greece and Cyprus. Allwyn also submitted the winning bid to take part in the British isles nationwide lottery. Cohn Robbins … Read more
You are reading a sample from the Cash Only newsletter, in which Martin Jašminský, Zuzana Kubátová and Jiří Zatloukal comment on events in Czech business every Friday. If you are interested in Cash Only, subscribe newsletter. —— If PPF leaders have spoken so far about fulfilling the legacy of the late Petr Kellner, decision to … Read more