Energetický a průmyslový holding
| Industry | Electricity, coal mining, heat generation |
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| Founded | 2009 |
| Headquarters | Brno, Czech Republic |
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Key people
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Daniel Křetínský (chairman, co-owner) |
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| Total assets |
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Number of employees
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10,860 (2014) |
| Website | www |
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Footnotes / references |
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€3,665 million (2014)Energetický a průmyslový holding, a.s. (EPH) is a Czech Republic based company currently investing mainly in the energy sector in Central Europe. The group's business lines include coal mining, gas, electricity and heat production and their distribution and sale to customers. Most of the assets are grouped in the EP Energy a.s. subholding, created in 2010.
Company was founded in August 2009 as (indirect) subsidiary of J&T Finance Group, as of October 2009 ownership structure was PPF (40%), J&T (40%) and Daniel Křetínský. In August 2012 PPF converted part of its debt for EPH shares and increase its share to 44.4% (decreasing J&T share to 37.04% and Daniel Křetínský share to 18.52%). In June 2014 PPF sold its stake for 1.1 EUR billions, since then ownership Daniel Křetínský and Patrik Tkáč own 2/3 share and J&T 1/3 share. As of December 31 2014 shareholders were equally BIQUES LIMITED (part of J&T PARTNERS I L.P.), MILEES LIMITED (part of J&T PARTNERS II L.P.) and EP Investment S.à r.l. (owned by Daniel Křetínský), while rest of 44.4% was . Treasury stocks were cancelled in September 2015.
In October 2015 EPJ announced its plan to reorganise all of its Central European infrastructure assets under one holding company, EP Infrastructure, and possibility of the disposal of a minority stake in that holding, inclucing an initial public offering.
Main assets held in the Czech Republic are:
On 30 September 2016, Vattenfall completed the sale of its German lignite facilities to the Czech energy group EPH and its financial partner PPF Investments. The following assets were transferred:
An October 2016 blog post speculates that the new owners are banking on government compensation for the forced early retirement of these assets. They may either seek capacity payments for staying online and providing backup or they may decommission and sue for lost profits.
In June 2015 it was announced, that EPH will acquire 95.6% stake in Budapesti Erőmű from Électricité de France. Budapesti Erőmű owns three gas-fired cogeneration plants in Budapest region: Kelenföld Power Station (installed capacity of 188 MWe and 395 MWth), Újpest Power Station (105 MWe and 421 MWth) and Kispest Power Station (113 MWe and 366 MWth). These plants meet almost 60% of the demand for heat in Budapest and generate approximately 3% of Hungarian electricity.
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Wikipedia