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Kretinsky's Prague-based holding firm employs around 250 people, with only a small plaque to signal its presence on the appropriately-named boulevard-style Paris Street. EPH reported earnings before interest, tax, depreciation and amortisation of 4.3 billion euros for 2022. Companies under Kretinsky's control or joint control had core operating profits (EBITDA) of more than 9 billion euros last year and assets of more than 80 billion euros, an EPH spokesperson said.

He is also facing political headwinds in his quest to buy Atos' legacy operations in France and failed to win the auction for German utility Steag earlier this year, sources with knowledge with the situation said. Kretinsky, who made his fortune in the energy sector with a string of high-stakes purchases and now owns a house near the Elysee Palace in Paris, is also in talks to become the biggest shareholder in French IT consulting firm Atos. "He's decided to accelerate this development in France, which is all the more interesting for him as he's a francophone and a Francophile," said Denis Olivennes, Kretinsky's right-hand man in France.

"He's combining business with pleasure." The 2016 takeover of Vattenfall's German mines and 8,000 megawatt coal power plants is one example, where Kretinsky received 1.7 billion euros ($1.8 billion) in cash to buy the assets and the Swedish group booked a large loss on the deal If you cherished this article along with you would like to be given more info about ssbet77 online casino generously visit our site. .