Agreement between PPF and EMMA Capital regarding further cooperation in Home Credit Group
PPF Group and EMMA Group agreed to complete the process of transferring a 2.5% ownership share of Home Credit Group from EMMA Group to PPF Group. This step fulfils a previous agreement between PPF and EMMA. PPF Group thus now holds a 91.12% stake in Home Credit Group, while EMMA Capital holds the remaining 8.88%. The completed transaction values Home Credit Group at EUR 8.5 billion.
The wider agreement also includes a further continuation of the successful cooperation between PPF and EMMA Capital in Home Credit Group for a further five years. Jiří Šmejc will remain Executive Chairman of Home Credit Group for the duration of the aforementioned agreement.
External Relations Manager
Emerging Markets Capital, a.s.
Na Zátorce 672/24
Tel.: +420 226 291 600
E-mail: [email protected]