Latest news with #JiriSmejc
Reuters
12-05-2025
- Business
- Reuters
Czech investment group PPF makes bid for close to 30% stake in ProSiebenSat.1
May 12 (Reuters) - Czech investment group PPF on Monday offered to buy shares in ProSiebenSat.1 ( opens new tab to lift its stake in the media group to close to 30%, countering takeover plans by the Berlusconi family's MFE-MediaForEurope ( opens new tab. PPF said in a statement it aims to achieve a stake of up to 29.99% through the acquisition of no-par value shares of ProSiebenSat.1 at 7 euros ($7.85) per share. PPF currently holds a stake of 14.94% in ProSiebenSat.1, making it the second biggest shareholder after Italy's MFE-MediaForEurope, which hiked its stake to 30.14% following a takeover offer in March. PPF's Chief Executive Jiri Smejc said at the beginning of May that the investment group still needed to see MFE's offer to decide upon a course of action, but that it intended to play a more active role in the company. The offer represents a premium of 17% over the last closing price on Friday and a 21% premium compared with MFE's offer of 4.48 euros per share, PPF said in a statement. ProSiebenSat.1's executive board welcomes the offer, the German media company said in a statement. "It will provide shareholders, who prefer to monetize their investment short-term, with a better all-cash alternative to the public takeover offer published by MFE," it added. ($1 = 0.8913 euros)
Bloomberg
06-05-2025
- Business
- Bloomberg
Richest Woman in East Europe Plans PPF Shakeup After Record Year
Eastern Europe's richest woman is revamping the management of her business empire after a string of divestments spurred record profit. In her first comments to a group of reporters since her husband and PPF Group NV founder Petr Kellner died in a 2021 helicopter crash, Czech billionaire Renata Kellnerova said Chief Executive Officer Jiri Smejc would step down next month.
Reuters
12-02-2025
- Business
- Reuters
United Group sells Serbia Broadband to e& PPF Telecom Group, disposes other assets
PRAGUE, Feb 12 (Reuters) - Balkan telecoms and media company United Group has agreed to sell its broadband provider Serbia Broadband to e& PPF Telecoms Group and other assets to Telekom Srbija in a deal with an enterprise value of 1.5 billion euros, United said on Wednesday. e& PPF Telecom Group, a joint venture of UAE's e& ( opens new tab and Czech-based PPF, said it was buying Serbia Broadband (SBB) for 825 million euros ($854.95 million) cash-free and debt-free as the main part of the transaction. United Group, which operates across South East Europe, said it was also selling its NetTV Plus business and its sports broadcasting rights for the Western Balkans to Telekom Srbija. It is keeping SBB's media assets including the N1 and Nova S television channels, which will continue to be available on SBB's network. "Today's divestments are in line with our strategy to sharpen our focus on the markets where we can provide the full spectrum of mobile and fixed telecommunication services to our customers, which will enable us to realize the greatest potential for growth and value creation," United Group Chief Executive Victoriya Boklag said in a statement. e& PPF Telecom Group said the deal adds 700,000 cable television and broadband internet customers to its base. The acquisition is an outcome of e& and PPF's interest in United Group assets announced by PPF chief Jiri Smejc in a Reuters interview in November. "The acquisition aligns with e&'s strategic ambition to scale up e& international in Central Eastern Europe, diversify revenue sources with greater exposure to stable currencies, and accelerate growth in e& PPF Telecom," e& PPF Telecom said in a statement" e& PPF Telecom said the deal would be entirely financed by external debt. United said the deal was subject to regulatory approvals and was expected to be completed during the first half of 2025. ($1 = 0.9650 euros)
