PPF Group sold a 25% stake of Telenor CEE’s Hungarian holdings to Antenna Hungária. Thus enabling Telenor Hungry to merge and leverage both companies core competencies. The deal created a joint holding venture. PPF Group holds a 75 percent stake. While, Antenna Hungaria has the remaining 25 percent. “This transaction will strengthen our ...
Petr Kellner’s PPF Group and Sotio invest $6.5 million in private biotechnology company MaveriX Oncology, which develops new cancer treatments. PPF has acquired a significant stake in the company. With planned milestones in development, MaveriX can secure up to $138 million from PPF and Sotia. PPF, as the primary investor, is funding $6.5 million ...
Petr Kellner’s PPF Group acquired a 19.2% stake in Autolus Therapeutics. Autolus is UK based biopharmaceutical company. PPF purchased the shares on the NASDAQ stock exchange. PPF Group said Autolus is in advanced stages of developing T-cell therapies, which target cancer cells for both hematological cancers and solid tumors. The stake in Autolus ...
Biotech companies within the PPF Group, controlled by Czech billionaire Petr Kellner, are reporting advances in efforts to extend the lives of cancer patients. The companies Sotio and Cytune Pharma announced on Thursday that they had started the first trial dosing of cancer patients with SO-C101, a superagonist fusion protein of interleukin IL-15. The ...
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 ...
When Czech billionaire Petr Kellner joined a delegation to Beijing in 2014 that included President Milos Zeman, he was looking to dig deeper into the China gold mine. The lucrative success he has enjoyed since may turn out to be an unexpected headache. Kellner, the richest person in the ex-communist wing of the European Union ...
Prague, Aug 7 (CTK) – PPF investment group filed a suit with Bulgaria’s Supreme Administrative Court over July’s verdict of the local regulator preventing it from purchasing local television network Nova, E15 server reported today. “We can confirm we have filed an appeal against the decision of the Bulgarian anti-monopoly office regarding the Nova ...
Prague, June 15 (CTK) – PPF group will acquire 100 percent in Serbia’s Telenor banka from Telenor group, the deal is part of acquisition of Telenor’s telecommunication assets in Central and Eastern Europe, namely in Hungary, Bulgaria, Montenegro and Serbia, PPF said in a press release today. The transaction’s completion is subject to approval ...
Prague, June 5 (CTK) – PPF investment group of richest Czech Petr Kellner decreased its net profit by Kc9.1bn to Kc16.5bn in 2017, which was caused by one-off factors, and its assets rose annually by 41 percent to Kc975bn, PPF told CTK today. In 2016, PPF’s net profit was Kc25.6bn and over a third ...
