DEXIA SA Brussels has another suitor for its shares of Dexia Banka Slovensko, which it needs to sell in order to meet the requirements of an agreement made with the European Commission earlier this year. Slovakia’s J&T Financial Group announced through a spokesman that it has sent a letter to DEXIA expressing interest in the [...]

J&T Group, one of the leading private equity firms in the Czech and Slovak Republics, has entered the highway toll business with an investment in Ibertax. J&T acquired a 10% stake in the electronic tolling services firm after acting as an advisor to help Ibertax parent, SkyToll, line up financing for their Slovakian project. J&T’s [...]

Czech investment firm J&T Group has signed an agreement to purchase the Czech business unit of International Power. The deal includes International Power subsidiary International Power Opatovice (IPO) as well as IPO’s shares of Pražská Teplárenská and Energotrans. For the 2008 year IPO generated a pre-tax profit of CZK 2.9 million, including dividends it earned [...]

Czech-Slovak investors, J&T Finance Group, have begun making moves that will likely end up in the sale of its hotel, tourism, and healthcare assets. The group is forming the Best Hotel Properties (BHP) company, establishing it with its four and five-star hotels. Properties likely to be included in BHP are Budha Bar (Prague), Crowne Plazza [...]

Fervent Holding, a member of the consolidated J&T Group, announces that it has accepted the voluntary offer put forth by the company Sanofi-Aventis Europe for the takeover of its shares in the firm Zentiva. Fervent Holdings Fervent Holdings is owner of 2,905,960 shares of Zentiva, which represents a 7.62% stake. Zentiva (www.zentiva.cz) Zentiva N.V. is [...]

J&T Group, one of the most active finance groups in the Czech Republic and Slovakia, has agreed to a deal with international investment firm PPF to form a joint venture company. The deal will see PPF purchase a 40 percent stake in J&T for approximately CZK 6 billion, with J&T transferring ownership of its energy [...]

URS Corporation and NRG Energy, Inc., joint owners of MIBRAG, have completed the sale of the German mining and power company to another joint venture in the Czech Republic. Private Equity firm J&T Finance Group has teamed up with the largest Czech power company CEZ to acquire MIBRAG at a cost of $520 million. Both [...]

United Energy Moldova, subsidiary of J&T Finance Groups, has signed an agreement with The Republic of Moldova to invest 600 million euros to build a coal fired power plant in the town of Ungheni. This investment will also be used to construct a 400kV transmission line connecting to Iasi in Romania. The 350 MW power [...]

J&T Finance Group, increased its share in Czech Pražská Energetika (“PRE”) power company to approximately 41%. Pražská Energetika Holding also strengthened its position to approximately 58% (“PREH”). The change came about when the Ministry of Labor and Social Affairs of the Czech Republic exchanged its minority share in PRE (14.2%) for ČEZ stock. Pražská energetika [...]

J&T, a Czech-Slovak investment group has purchased a 97.5% interest in Prvni Brnenska Strojirna Brno DIZ (PBS Brno DIZ). The acquisition will give PBS Brno DIZ relief from its financial burdens, while J&T benefits from the opportunities to expand and develop the PBS business and product lines. Terms of the deal were not publicly disclosed. [...]