After Bout With Coronavirus, Czech Billionaire Finds New Targets
- Markets are undervaluing interesting companies, Kretinsky says
- Energy assets are suffering less, media business is hit more
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Locked at home in self-isolation after testing positive with coronavirus in the middle of March, Czech billionaire Daniel Kretinsky spent 12 hours a day on the phone running his businesses. He still found time to scour around for new investments as markets around the world tumbled.
The owner of Energeticky a Prumyslovy Holding AS, a $7.7 billion conglomerate with interests ranging from power plants to media, Kretinsky is coy about what he found, but insists there are promising assets worth a closer look. That’s a fitting approach for a man known for scooping up energy companies across Europe and investments in German wholesaler Metro AG and French retailer Casino Guichard-Perrachon SA.