Slovakia returns to the ranks of aluminium producers. Slovalco resumes production

After more than three years, Slovakia is returning to the ranks of countries that produce primary aluminium. Slovalco, a joint venture of Hydro and Penta Investments, has begun the gradual restart of production in Žiar nad Hronom. In the first phase, it will restore annual production capacity of 75,000 tonnes of aluminium. The company will invest at least EUR 100 million in the restart, and the resumed production will support more than 200 jobs.

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Penta Real Estate, J&T and AKIPIA Join Forces to Develop a New €3.7 Billion District in Bubny

Penta Real Estate has acquired a 50% stake in HoldCo Bubny s.r.o., which owns key land plots in the Bubny-Zátory area. Penta Real Estate will become the lead developer of a new modern urban district directly connected to the attractive neighbourhoods of lower Holešovice and Letná, as well as the Vltava riverfront, creating a place to live and work for tens of thousands of people. A further 35% stake will be acquired by AKIPIA, a newly established investment group founded by independent investors Michal Strnad, Tomáš Brzobohatý and Marek Šmrha. The group will focus on attractive market opportunities, combining strong capital backing, flexibility and a long-term investment horizon. The remaining 15% will be retained by the current owner, J&T Group, which will remain involved in the project as a financial partner. By 2050, Bubny will be transformed into a new urban district comprising approximately 25 city blocks and up to 10,000 apartments. Total investment in the project is expected to reach approximately €3.7 billion.

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Dôvera and Union Health Insurance Companies Join Forces

Achmea B.V., the shareholder of Union, and Dôvera, a member of the Penta investment group, have signed a share purchase agreement under which Union Health Insurance Company will become part of Dôvera. The transaction aims to create a stronger foundation for the further development of health insurance in Slovakia. The acquisition will be financed entirely by Dôvera’s shareholder and will not affect funds designated for the reimbursement of healthcare services.

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Penta sold Zabka Polska

Penta Investments – a Central European investment group – has finalized the sale of Żabka Polska S.A. The new owner of the Polish convenience chain stores is Lontano Investments, controlled...

Penta sells TES Vsetín and MEZservis

Penta Investments, a Central European investment group, has concluded an agreement concerning the sale of a 100% share in TES Vsetín and MEZservis (the TES Group) to Advent International, a...

Penta announces 8th year of Vision 2025 essay competition

Penta Foundation launches new year of VISION 2025 Essay Competition. Students of Czech, Slovak and Polish institutions of higher education may compete for attractive prize money - up to EUR...

Penta takes over the Slovak Dexia

Penta Investments, a Central European investment group, has become the owner of a 88.71 percent stake in the Dexia banka Slovensko. As of 1 April 2011 Jan Rollo takes up...

Penta sells Zabka to Mid Europa Partners

Penta Investments, the Central European investment group, has signed an agreement to sell Zabka Polska S.A. to Mid Europa Partners. The transaction remains subject to antitrust clearance.

Penta acquires AB Facility

Penta, a Central European investment group, has entered the facility management market with its new acquisition. Today, Penta and the Genesis Private Equity Fund, managed by Genesis Capital, concluded a...

Iain Child joins Penta as a new Partner

Effective from the 1st of December 2010, Iain Child, currently a senior partner in Deloitte Central Europe, will become a new Partner of the Central European investment group Penta. Iain...

Dexia sells its subsidiary Dexia banka Slovensko to Penta

An agreement between the Central European investment group Penta Investments, and Dexia Kommunalkredit Bank (DKB), a subsidiary of Dexia, has been reached on the sale of 88.71% stake in Dexia...

Vision 2025: The health care is not public property

Penta, a Central European investment group, announced the winners of its 7th annual essay competition - Vision 2025. The committee, comprised of Penta's representatives, has chosen 5 works from the...

Penta and Ipopema to mark an important step in the consolidation of the frozen food sector in Poland

Penta Investments, the 100% owner of Iglokrak, and Ipopema FIZ, the owner of Iglotex, entered into a merger agreement between the two companies. According to the agreement, Iglotex and Iglokrak...

Penta has reached a profit of EUR 156.2 million

Penta Investments, a Central European investment group, has publicized consolidated results for the year 2009. According to the IFRS international standards the assets of the investment group reached EUR 2.7...

Penta Venture Fund supported three start-up projects

Penta successfully closed the first year of the Penta Venture Fund, focused on start-up projects. Penta supported three innovative businesses of total amount of EUR 222 thousand. The contracts with...

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