Central Europe’s Energy Giant
Daniel Kretinsky’s most significant venture is his ownership of Energetický a průmyslový holding, a.s. (EPH), the largest energy group in Central Europe. As CEO, Chairman of the Board, and majority owner of EPH, Kretinsky has played a pivotal role in shaping the strategic direction of the company and overseeing its key operations.
EPH comprises more than 70 energy-related companies with combined revenues of €37 billion in 2022. The group holds controlling or significant stakes in lignite, gas, renewable, and nuclear power plants in the Czech Republic, the UK, Slovakia, Italy, and other regions. With a total installed capacity of 14 gigawatts (GW), EPH has established itself as a major player in the energy industry.
Investments in the Retail Sector
While Kretinsky has made significant strides in the energy sector, he has also diversified his portfolio by investing in the retail industry. One notable investment is his stake in Casino, a French retailer. In July 2023, Kretinsky’s involvement played a crucial role in averting Casino’s bankruptcy through a debt restructuring agreement. Under the agreement, 1.2 billion euros of new capital will be injected into Casino, with Kretinsky’s consortium becoming the majority shareholder, owning between 50.4% and 53% of the shares.
In addition to Casino, Kretinsky’s investment vehicle, VESA Equity Investment, holds a significant stake in French retailer Fnac Darty. In March 2023, VESA became the largest shareholder, crossing the 25% threshold, according to the French market regulator AMF. Kretinsky’s retail investments also extend to the U.S., where VESA owns 12.3% of the voting rights in sportswear and footwear retailer Foot Locker.
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Media Ventures
Daniel Kretinsky’s influence extends beyond the energy and retail sectors, as he has also made significant investments in the media industry. As Chairman of the Board of Czech Media Invest a.s., he focuses on acquiring and managing media assets in Central and Western Europe. A notable acquisition was the purchase of Editis, the publishing business of France’s Vivendi, in June 2023. Through his subsidiary, Czech Media Invest (CMI), Kretinsky gained control of Editis, adding to his extensive media presence.
CMI itself is a powerhouse in the Czech Republic, owning and operating several newspapers, magazines, and digital platforms. The company publishes four daily newspapers, including prominent titles such as Elle and the news magazine Marianne. Kretinsky’s media investments also include a minority stake in the prestigious French newspaper Le Monde and a 5% stake in the French television company TF1 through VESA Equity Investment.
Sports Ventures
In addition to his achievements in the business world, Daniel Kretinsky has also made his mark in professional sports. He is the co-owner and president of AC Sparta Prague, a prestigious soccer club in the Czech Republic. Kretinsky’s involvement in sports extends beyond his native country, as he owns a 27% stake in English Premier League soccer club West Ham United. These ventures showcase Kretinsky’s diverse interests and highlight his ability to succeed in multiple industries.
