ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

How a Chinese company Czechs out Europe

By investing in a single region but across industries, then jumping

BEIJING -- One of China's leading private oil companies is on a novel diversification path in Europe.

In 2014, CEFC China Energy acquired a 30% stake in the Czech Republic's J&T Banka for 643 million euros ($679 million). Today that stake is 50%. In the intervening years, the company has made a series of other investments in the republic, including one in Invia.cz, an online travel booking site operator. It has also poured money into SK Slavia Praha, one of the country's most storied professional soccer clubs. In addition, it has bought stakes in a brewery, an airline, a media company and a steelmaker, among other businesses.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more