Takeover rumours around Sainsbury's are once again abuzz as Czech investor Daniel Kretinsky has unexpectedly increased his stake in the British supermarket chain to 9.99 per cent.
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Czech billionaire Daniel Kretinsky, famous for his ventures into Metro, Casino and Sainsbury's, has acquired a 50 % stake in Supratuc 2020, which includes Eroski operations in Catalonia and the Balearic Islands.
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Czech billionaire Daniel Kretinsky announced he now owns over forty per cent of the voting rights of Metro. It will allow him to exert even more influence on the direction of the German group.
Daniel Kretinsky, the Czech billionaire who has a large stake in European retailers Casino and Metro, has taken a strategic stake of 5 % of the shares of American department store chain Macy's.
What does Daniel Kretinsky have in mind for Casino and Metro? The unruly Czech investor, with a penchant for sectors 'on their way back', has set his sights on the European hypermarket sector, but what are his intentions?
Vesa Equity Investment, Daniel Kretinsky's investment fund, has increased its stake in French retailer Casino to above the 5 % threshold. Analysts now wonder of the Metro owner might be aiming for further consolidation.
EP Global Commerce, the investment company of Daniel Kretinsky and Patrik Tkac, is increasing its stake in the German Metro group to just under 30 %. The Czech businessman will therefore become its largest shareholder.