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Central Media Entreprises Ltd announced the other day that a final agreement was signed for the acquisition of the company by a subsidiary of the PPF Group, which is owned by Czech billionaire Petr Kellner. The transaction was valued at around $ 2.1 billion.
“How do we do it?” Badea commented on the change of patronage at the well-known television station.
“So I don’t know how we are going to do so much hashtagism on Pro TV now. How do we do it? One came with mining businesses in Russia! What did you do Bobita? What will Ms. Andreea Esca or all the Pro hashtagists say? TV News? ”Said Mircea Badea, who later performed a song sung by the Red Army Choir.
The European Commission has approved the transaction in which the Czech group PPF, controlled by billionaire Petr Kellner, buys the majority stake in Central European Media Enterprises (CME), parent of Pro TV, from the US giant AT&T, according to a statement from the executive. Brussels.
Petr Kellner (55), the richest man in the Czech Republic, who reached an agreement to buy PRO TV’s parent company from the US group AT&T, has an economic empire with extremely close ties to the Russian market, but also to China , according to local and international media.
Kellner is ranked 73rd on Forbes’ latest list of billionaires worldwide, with an estimated fortune of $ 15.5 billion. He began his career in the Czech Republic in the 1990s, selling office supplies.
It became a major player when, through the PPF investment fund, it took over the shares of many state-owned companies privatized by the Czech governments at that time. In 1995, PPF bought 20% of the shares of the largest local insurance company, Česká Pojišťovna, and took over the management.
From that moment on, Kellner became a major player on the Czech market and business expansion began in the region. He has taken control of businesses in various sectors such as Home Credit (non-bank loans), Sotio (biotechnology), O2 Czech Republic (telecommunications), Polymetal International (mining, rare metals), Skoda Transportation (engineering, locomotive construction and media public transport), PPF Banka (bank), PPF Real Estate Holding (real estate investment), RAV Agro (agriculture).
The companies controlled by Kellner through the PPF fund had strong business ties in Russia, from lending (through Home Credit), to trading (through the online retail chain Eldorado, sold in 2016) and mining (Polymetal ).
