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    Home > Finance > Factbox-Czech billionaire Kretinsky's sprawling empire
    Finance

    Factbox-Czech billionaire Kretinsky's sprawling empire

    Factbox-Czech billionaire Kretinsky's sprawling empire

    Published by Global Banking and Finance Review

    Posted on December 16, 2024

    Featured image for article about Finance

    (Reuters) -Czech billionaire Daniel Kretinsky is pressing on with his buying spree in Europe after the British government cleared his investment vehicle to buy Royal Mail.

    Kretinsky, 49, a former investment bank lawyer who built one of Europe's largest energy groups, Energeticky a Prumyslovy Holding (EPH), has been diversifying into retail, media and other areas.

    His net worth stands at $9 billion, according to Forbes.

    Kretinsky operates through various investment vehicles, including EP Group and VESA Equity Investment. The latter has a portfolio valued at more than 3 billion euros ($3.2 billion), according to its website.

    Here is a summary of some investments by firms controlled by Kretinsky and his long-term business partner, Patrik Tkac:

    EPH

    Kretinsky holds slightly over 50% in EPH through its parent EPCG, which owns scores of energy companies across western and central Europe.

    The energy business of EPCG reported a combined core profit (EBITDA) of 7.3 billion euros for 2023.

    POSTAL SERVICES

    * International Distributions Services

    Britain cleared EP Group to buy the Royal Mail parent in a 3.57 billion pound ($4.5 billion) deal on Dec. 16, after securing commitments that the government said would protect one of the world's oldest postal services.

    * PostNL

    Kretinsky had accumulated a 31.4% stake in the Dutch mail and package delivery group through VESA, a regulatory filing showed in November 2022.

    * Quadient 

    Kretinsky invested 1 billion Czech crowns ($41.9 million) in November 2023 to buy a stake in the French mailroom equipment company. VESA owned 15% of the voting rights as of June, the French markets regulator AMF said.

    RETAIL   

    * Unieuro

    French retailer Fnac Darty and Ruby Equity Investment, both linked to Kretinsky via VESA, on Dec. 12 reached 96.7% of the share capital of the Italian consumer electronics retailer, with the plan to take it private as of Jan. 8.

    * Casino 

    Kretinsky's Casino buyout consortium said in February that the Paris Commerce court had approved its plan to bail out the debt-laden French retailer under an accelerated protection procedure.

    Following the deal, the consortium owned 53.73% of Casino shares as of May 6, LSEG data showed.

    * Fnac Darty

    VESA is the largest shareholder of the French retailer, according to data from French markets regulator AMF. VESA owns 29% of Fnac Darty's voting rights, the investment vehicle's website said.

    * Foot Locker

    VESA owns 12.3% voting rights in the U.S. sportswear and footwear retailer.

    * Metro 

    Kretinsky is the controlling shareholder of Metro with 49.99% of the German retail group's voting rights, German weekly "Lebensmittelzeitung" reported in March.

    * Sainsbury's 

    VESA has a 10.06% stake in the British supermarket group, LSEG data showed.

    MEDIA

    * Editis

    France's Vivendi agreed in June 2023 to sell its publishing business Editis to International Media Invest, a unit of Kretinsky's Czech Media Invest (CMI). Vivendi said in November 2023 it had received 653 million euros ($713.53 million) after finalising the sale.

    * Elle, Marianne

    Kretinsky also owns several French titles via CMI, such as Elle and news magazine Marianne, according to the CMI website.

    OTHER

    * Thyssenkrupp

    The German industrial conglomerate said on May 23 its supervisory board had approved a planned sale of 20% of its steel division to Kretinsky, despite continued opposition from labour unions.

    Thyssenkrupp said in April the parties were also in talks about the acquisition of a further 30% stake, aiming for a 50-50 joint venture.

    * DoDo

    Logistics firm DoDo, which provides fast delivery services to customers in e-commerce, retail and food delivery, said in May 2022 that Kretinsky would inject 60 million euros into the group over two years to support its international expansion. 

    * West Ham

    Kretinsky's 1890s Holdings group has a 27% stake in the English Premier League soccer club, according to the club's website, in addition to his ownership of the leading Czech team, Sparta Prague. 

    ($1 = 0.7903 pounds)

    ($1 = 0.9523 euros)

    ($1 = 23.8430 Czech crowns)

    (Compiled by Diana Mandiá, Jan Lopatka, Jason Hovet, Alessandro Parodi and Gianluca Lo Nostro; Editing by Milla Nissi)

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