Pavel Tykac‘s Sev.en Energy group will take over the Pocerady brown coal power plant from CEZ by the end of the year. It will become the new owner three years earlier than initially planned. The original agreed-upon price of two billion crowns for the transfer in 2024 increased to 2.5 billion crowns. They agreed to ...
The antivirus company Avast increased its operating EBITDA by 2.5 percent to $367.3 million in three quarters. Revenues rose 7.3 percent and 1.9 percent to $659.1 million. The Group confirmed its full-year outlook, with adjusted sales at the upper end of the average single-digit growth. According to Avast, the Board of Directors is aware of ...
Several journalists organizations, including the International Press Institute (IPI) and Reporters Without Borders (RSF), have written to Petr Kellner calling on him to publicly commit to uphold media freedom and respect editorial independence, regardless of political or financial pressures. Kellner’s PPF group has become the new owner of Central European Media Enterprises (CME), which includes ...
Volkswagen and its the Czech subsidiary Škoda Auto saw sales grow in September after suffering through a long drawn-out coronavirus slump. The Volkswagen Group sold 933,600 cars, which is 3.3 percent more year-on-year, while Škoda Auto then increased sales by 2.6 percent to 104,600 vehicles. The group stated this in today’s press release. However, while ...
Michal Strnad’s Czechoslovak Group (CSG) sold its 60 percent majority stake in New Space Technologies s.r.o. to its co-founder, managing director, and current holder of a 20% stake, Ivo Kryl. The parties did not disclose the transaction price. CSG will continue to work with New Space Technologies. New Space Technologies s.r.o. (NST) is an innovative ...
Despite the pandemic, Daniel Kretinsky’s Energetický a průmyslový holding, a.s. (EPH) was successful in the first half of this year. It increased sales to 4.2 billion euros (approximately 115 billion crowns) compared to 3.9 billion euros in the previous year’s first six months. Operating profit recorded a slight decrease to 616 million euros (about 17 ...
According to Forbes’s annual ranking of the richest people, Petr Kellner, the majority shareholder of PPF Group, is the wealthiest Czech with 293 billion crowns. However, he was the only one in the top ten to see his fortune shrink since last year, after shedding 57 billion crowns as Home Credit struggled in the first ...
PPF Group has completed the acquisition of Central European Media Enterprises (CME). PPF now fully controls CME’s activities in the Czech Republic, Slovakia, Romania, Slovenia, and Bulgaria. PPF stated this in a press release today. In the Czech Republic, PPF thus controlled the Nova television group, in which it already held a stake until 2004, ...
Polish e-commerce site Allegro began public trading on the Warsaw Stock Exchange and saw its share price shoot up by more than 50% almost immediately after trading. Allegra thus overshadowed the success of the Polish CD Projekt S.A. on the Warsaw Stock Exchange. The IPO of the well-known Polish auction website, which attracts 20 million ...
