Czech businessman Daniel Křetinský will gain a 94-percent stake in Czech energy group EPH following deals with Patrik Tkáč and financial partners J&T private equity group, sources including news site idnes.cz reported on Monday. The remaining six percent will be divided among the current management, the news site noted. Until now, Mr Křetinský, Mr Tkáč and J&T were owners of roughly one-third each. The deal, in the coming years, will yield between 1.7 and 2.7 billion euros for Mr Tkáč depending on share prices. Likewise, it was announced on Monday, Czech energy group EPH agreed to sell a 30 percent stake in its EP Infrastructure (EPIF) unit to an investor group led by Macquarie Infrastructure and Real Assets.
A Czech energy company has been given crucial clearance from the Swedish government to take over a massive swathe of coal mines and plants in what was former East Germany. It’s a key step in a deal which looks like propelling Emergetický a Průmyslový Holding (EPH) into the big league of European energy companies and will give it more power generation assets than long time dominant domestic player ČEZ. But Swedish environment groups are saying they will fight on.
The Swedish government on Saturday approved the sale of brown coal mines and power plants in Germany owned by the Swedish state company Vattenfall to Czech energy sector investor EPH owned in part by businessman Daniel Křetinský. The price of the sale was not disclosed. The EPH issued a statement welcoming the decision, which will still needs to be approved by antimonopoly offices, the Czech financial daily Hospodářské noviny reported. The decision by Sweden to sell the portfolio was opposed by ecological activists in both Prague and Stockholm, who expressed concern over greenhouse gas emissions and charged that EPH was not concerned with environmental issues.
Czech energy group EPH teamed up with PPF Investments, the vehicle of the Czech Republic’s richest man, Petr Kellner, is said to be on the verge of another major acquisition, this time in Germany. The deal is focused on brown coal assets but that fits in well with the Czech company EPH’s existing activities.
Czech energy company EPH might have to cede control of Slovakia’s biggest electricity company, Slovenské Elektrárne. EPH last week sealed a deal to acquire a 66 percent stake in Slovakia’s biggest electricity company from Italian power giant ENEL. But the Slovak Ministry of Economy announced on Monday that under a memorandum with the Italians it would have the option to win back control of Slovenské Elektrárne once the Mochovce nuclear reactors 3 and 4 are completed. That would shrink EPH’s final shareholding to 49 percent.
Czech energy company EPH confirmed that it has reached a broad agreement to buy out Italian power company ENEL’s shares in Slovenské Elektrárne. A final deal still has to be signed, a spokesman said. Under the first stage of the deal EPH should buy around 33 percent of Slovakia’s biggest electricity producer and nuclear power plant operator. The remainder of its 64 percent stake would be delivered when the Mochovce nuclear units 3 and 4 are completed in around two years time.