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Bloomberg Reports that PPF Group Targets M&A as Asset Prices Pressured

PPF Group

23/6/2023 | 1 minute to read

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  • CEO Smejc says asset prices likely to decline further

  • PPF says telecom, finance, media, e-commerce key growth areas

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PPF Group

23/6/2023

PPF CEO Talks to Hospodarske Noviny and Other Reporters on the Group Results and Investment Strategy

Newsroom

PPF Group NV is seeking out acquisitions in Europe as the investment company controlled by the Czech billionaire Kellner family expects asset prices to come under more pressure amid rising interest rates.  

PPF’s most recent large deals involved buying into publicly traded companies as stock market prices have dropped more than privately-held assets, according to Chief Executive Officer Jiri Smejc. Valuations in general “still don’t fully reflect the state of economies” and many businesses are finding it more difficult and costly to refinance debt as borrowing costs climb, he said. 

Full article: www.bloomberg.com/news/articles/2023-06-23/billionaire-kellner-family-office-targets-m-a-as-asset-prices-pressured
Author: Peter Laca