Czech energy infrastructure owner EPIF mulls float
Czech EP Infrastructure group (EPIF), owned by businessman Daniel Kretinsky, said July 9 it has begun a strategic review of its business, which may include an initial public offering.
Most of its assets are in central and eastern Europe and have regulated tariffs or earn revenue from long-term contracts such as gas transmission – its subsidiary Eustream owns Europe's largest network that transits Russian gas from Ukraine – as well as gas and power distribution grids, power generation and gas storage in central Europe. This gives it ballast: its earnings last year were comparable to the year before, despite the pandemic.
A lawyer as well as a businessman, Kretinsky is chairman of the boards of EP Energy, EP Infrastructure and EP Power Europe and, through his role as a partner in the J&T Group, was also involved in the founding of Energeticky a průmyslovy holding.