The Xixoio project raises doubts. PPF manager is leaving the company’s management
“It’s absurd to think we’re running things they accuse us of. We have very important people on the supervisory board, and they would not be involved in something dubious, “said Watzke during a meeting with the E15 editor. He thus came across the fact that the members of one of the highest bodies of the […]
How does the Air Bank that PPF wants to merge with Moneta make? Net profit grew
The Air Bank Group, which consists of Air Bank, Benxy and the Czech and Slovak Home Credit, reported a net profit of CZK 1.47 billion in the first nine months of this year. Year-on-year growth was 16.9 percent. On the other hand, operating revenues fell slightly by 1.6 percent to 4.29 billion crowns compared to […]
PPF and Moneta have agreed on a new merger financing model
“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 […]
Facebook blocked the city of Trutnov. Because of the alleged pornography
Facebook blocked the official profile of the town of Trutnov due to alleged pornography. The reason was a contribution about the opening of the exhibition in the city gallery with works by František Drtikol, which depict silhouettes of naked bodies. The town hall of the city of thirty thousand stated it on the website. “Facebook […]
PPF sells Telenor. He will receive billions for the Montenegrin operator
Company Telenor Montenegro at the end of last year, it had 333 thousand subscribers, thanks to which it earned 44 million euros last year, in terms of over 1.1 billion crowns. Operating profit (EBITDA) for the same period reached 16 million euros, in terms of approximately 411 million crowns. The sale price in such a […]
PPF sells a 30% stake in the CETIN Group network operator
PPF Group will cease to be the sole owner of the Central European network operator Cetin Group. It has agreed with the Singapore state investment fund GIC to sell a 30 percent stake. Participants did not comment on the financial details of the trade. From the results of Cetin and the field in which it […]
PPF sells a 30% stake in the CETIN Group network operator
PPF Group will no longer be the sole owner of the Central European network operator Cetin Group. It has agreed with the Singapore state investment fund GIC to sell it a 30 percent stake in this group and will now hold only the remaining majority. The parties to the transaction have agreed not to comment […]
The ex-manager wants to buy part of Home Credit. He offered a billion dollars
PPF Group has been testing the sale of some of its assets for a long time. In addition to the infrastructure holding Cetin Group, it is looking for investors primarily for the Home Credit installment group. This is related to the overall transformation of the PPF Group, which wants to shift the focus of its […]
Thirty years since coupon privatization. It brought an efficient market, but also the concept of tunneling – ČT24 – Czech Television
The economist Dušan Tříska, who was one of the creators of the coupon privatization, evaluates the change positively after three decades. He values democracy, capitalism and relative prosperity. He sees the problem in the fact that the Czechia is a country of assembly plants held by foreign investors. “It was no different than that foreign […]
Tykač continues to increase its stake in Moneta Bank, approaching five percent
“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 […]