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    PPF and EMMA Group agreed on the sale of certain equity interests
    06/19/2015

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    PPF Group and EMMA Group, founded and led by Jiří Šmejc, have signed an agreement on the sale of certain equity interests in Home Credit B.V., Air Bank a.s., and Eldorado Ltd. The agreement covers specifically the following transactions:

    • PPF Group has bought a stake of 2% in Home Credit B.V. from EMMA Group;
    • PPF Group has bought a stake of 2% in Air Bank a.s. from EMMA Group; and
    • PPF Group has sold a stake of 20% in Eldorado Ltd., a Russian retailer, to EMMA Group.

    Following these transactions, the current shareholder structure of the above-mentioned companies is as follows:

    Company PPF Group’s equity interest EMMA Group’s equity interest
    Home Credit B.V. 88.62 % 11.38 %
    Air Bank a.s. 88.62 % 11.38 %
    Eldorado Ltd. 80 % 20 %

     

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