2024-07-01 16:50:21
Renáta Kellnerová, the widow of the group’s founder Petr Kellner, took extra decisive steps than earlier than within the PPF funding group final yr, in line with her phrases. Within the group’s 2023 yearbook, printed by the agency on Friday, she stated that within the first few years after her husband’s dying, she was simply attending to understand how the PPF labored.
PPF CEO Jiří Šmejc wrote in his opening remarks that the group managed to satisfy a decisive a part of the principle objectives that he set when taking workplace in June 2022. He talked about, for instance, the withdrawal from Russia or the restructuring of the portfolio.
“Whereas the years 2021 and 2022 meant for me primarily a interval of attending to know the processes inside the group and looking for a brand new stability disturbed by the sudden dying of my husband, final yr I already took a extra decisive method in relation to the PPF,” stated Kellnerová. Petr Kellner died in a helicopter crash within the USA in March 2021. As certainly one of her extra decisive strikes, Kellner cited the buyout of a minority stake in PPF, after which the Kellner household turned the only real house owners of the group.
The institution of the corporate Amalar final yr for the administration of the property of the Kellner household was additionally linked with this. “As you effectively know, PPF traditionally had the one majority shareholder, whose share by no means fell beneath 90 %. Petr knew his firm completely, he managed it and made choices about it alone,” stated Kellnerová. However after Kellner’s dying, the variety of shareholders elevated. “That’s the reason we determined to create an entity that might be superior to the PPF,” she added.
In response to Kellner, along with property administration, Amalar ought to present skilled background for deciding on the long run path of PPF. “Subsequently, we’ve got invited famend specialists from numerous fields, whose analyzes will assist us to orient ourselves within the particular points that the administration and administration of such a big property naturally brings,” she stated.
In response to Kellner, PPF is succeeding in fulfilling the long-term technique created in cooperation with the group’s CEO Šmejc. “This consists in specializing in investments in Western markets and sectors during which the group has been profitable for a very long time – particularly monetary providers, telecommunications, media or e-commerce – whether or not within the position of majority proprietor or in cooperation with funding companions,” she added. In response to her, the technique will convey PPF steady income, however on the identical time the group must also search for new funding alternatives the place “others do not see them”. “It simply obtained the group to the place it’s now and we should not neglect that,” she stated.
In his opening remarks within the yearbook, the CEO of PPF talked about a number of important transactions of final yr. “Whether or not it was the sale of our Asian firms from the Residence Credit score group, strengthening within the media space or the acquisition of a major stake in InPost – that’s, a development funding that can function a alternative for the offered components of the Residence Credit score group,” stated Šmejc.
“The creation of a three way partnership with the telecommunications large e& actually deserves a particular point out, because it is among the largest transactions within the historical past of PPF,” added the top of the group. The Emirates Telecommunications Group Firm from the Emirate of Abu Dhabi, which operates beneath the e& model, agreed final yr to pay 2.2 billion euros (54.3 billion crowns) to take over a controlling stake in PPF’s telecommunications property in Bulgaria, Hungary, Serbia and Slovakia. The European Fee launched an investigation into the proposed sale this yr due to considerations that e& might have been given a state subsidy that may distort the EU’s inside market.
The PPF Group does enterprise in 25 nations in Europe, Asia and North America. It invests in monetary providers, telecommunications, media, biotechnology, actual property and engineering. The group consists of, for instance, the installment firm Residence Credit score, Air Financial institution, the telecommunications firms Cetin and O2, the media firm Central European Media Enterprises (CME), the true property group PPF Actual Property Holding, the engineering firm Škoda Group or the toll operator within the Czech Republic CzechToll.