Sazka Group has launched a bid to take full control of Greece’s OPAP, Europe’s fourth-largest betting firm by revenue. Greece sold a 33% stake in OPAP to Emma Delta, currently owned by Sazka Group and Georgios Melissanidis, in 2013 for about 650 million euros ($729.9 million) as part of a European Union-prescribed international bailout. […]
PPF Group, owned by the Czech Republic’s richest businessman Petr Kellner, has sold a 4.5% stake in Russian gold and silver producer Polymetal for about $254 million, a bookrunner for the deal said on Wednesday. Shares in London-listed Polymetal, part-owned by Russian businessman Alexander Nesis, were down 5.6% in early trade after the sale […]
Zdeněk Bakala, former owner of OKD company, reacts on the mining company’s lawyers’ claims that OKD’s value in 2006 was negative. The value of the OKD mining company in 2006 was supposedly minus CZK 1.6 billion, according to the lawyers of OKD Recievables management (SP OKD), a company that takes care of finishing the […]
Hungarian booking website Szallas.hu acquired Czech-based Hotel.cz group on July 8. Szallas.hu’s portfolio has expanded with the acquisition of one of the strongest local players in the Czech tourism market, Hotel.cz, on 8 July. With the acquisition of a Czech group of close to CZK220 million in sales in 2018, the Hungarian company could […]
Retail sales growth slowed further in May, according to figures released by the Czech Statistical Office on Tuesday. Retail sales climbed 2.7% year-on-year in May, following a 5.4% rise in April. Economists had expected sales to increase 4%. Sales of food, beverages and tobacco rose 0.3% annually in May. Sales of non-food […]
Industrial production growth slowed in May after rising in the previous month, the Czech Statistical Office showed on Monday. Industrial production climbed 3.2 percent year-on-year in May, after a 3.3 percent increase in April. Economists had expected a 1.1 percent rise. In March, production edged up 0.2 percent. Manufacturing output rose 3.1 percent […]
Dutch video game developer Soedesco has opened a second studio, expanding its development team beyond its inaugural premises in Rotterdam to Pilsen, Czech Republic. A press release from the company says the additional office “is striving to develop interesting new content fit for the next generation of gaming, such as PlayStation 5, Xbox Project Scarlett […]
Liberty Steel on Monday said it has acquired seven steel making units and five service centres from L N Mittal’s ArcelorMittal in Europe for 740 million euros, according to a company statement. Indian-origin metals tycoon Sanjeev Gupta-owned company has acquired the major integrated steel works at Ostrava in the Czech Republic and Galati in Romania […]
Russian national carrier Aeroflot and two other Russian airlines say they have canceled several flights to and from the Czech Republic due to a decision by the Czech authorities to withdraw flight permits. The Czech Transport Ministry, which is in charge of licensing, said on July 2 that it took the action after Russia […]