Andrej Babis’ Agrofert illegally assumed control of farmland after the legal owners died. While the land sat unclaimed by heirs of the deceased, Agrofert farmed it and received subsidies for managing it. Government officials confirmed that two Agrofert subsidiaries are under investigation. The two companies in question are ZAS Podchotucí and First Agricultural Záhornice. ...
EPH completes acquisition of 80% of shares of Tynagh Energy Limited Daniel Kretinsky’s EPH acquired a majority stake in Tynagh Energy Limited, which operates a 400 megawatt (MW) power plant in Ireland. EPH spokesman Daniel Častvaj announced in a press release on Tuesday. EPH did not disclose the transaction price. 80% of Tynagh‘s ...
Petr Kellner has rejected speculation that he wants to influence policy in the Czech Republic by buying Nova. PPF group announced Sunday that it reached an agreement to buy Central European Media Enterprises (CME), which also owns Nova. PPF reported the takeover agreement on Sunday evening. It will pay $ 2.1 billion (CZK 48.3 ...
PPF Group, through subsidiaries, has signed an agreement with Central European Media Enterprises (CME) to acquire it fully. CME shareholders must approve the deal, as well as the European Commission and national regulators in some countries where CME operates. CME operates television stations in Bulgaria, Romania, Slovakia, Slovenia, and the Czech Republic, where it ...
Confidence in the Czech economy dropped to its lowest level in five years, according to data released by the Czech Statistical Office. Confidence in the Czech economy fell by one point to 94.6 points in September compared to August, the lowest in about five years. In the case of entrepreneurs, confidence decreased by 0.7 ...
Czech Airlines (CSA) will acquire seven new aircraft from Airbus, four A220-300 aircraft, and three longer-range A321XLR aircraft. The carrier will include the first two aircraft in its fleet next year and will receive additional planes in 2021 and 2025. The transaction price was not disclosed. “The first two Airbus A220s will be in ...
Liberty Ostrava steelworks continues to run a reduced production schedule, which it introduced in July due to the high prices of raw materials and imports of steel from countries outside the European Union. They don’t currently have plans to eliminate any jobs, but some of the employees who have taken leave will remain at home ...
A Czech court ruled that Citibank’s claim to debt worth over 10 billion crowns ($434.10 million) owed by Czech miner OKD was eligible, CTK news agency reported on Wednesday. CTK reported OKD’s former insolvency administrator and representative of the state, which now owns OKD’s mining operations, both said they would appeal the ruling. ...
Consumer organizations, the Association of Citizens’ Advice Centers and Fraudulent Clients filed a lawsuit against Česká pojišťovna and Generali. According to the organizations, both unlawfully charge illegegal life insurance fees and should stop doing so immediately. The contested insurance companies claim that all contracts are in order. Both consumer organizations also want the Czech ...
