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J&T Closed a Deal To Acquire the ATLANTIK Financial Group

22. June 2010

On June 21, 2010, a transaction was closed by means of which J&T FINANCE, a.s. acquired 100% stakes in ATLANTIK Asset Management investiční společnost, a.s. and ATLANTIK finanční trhy, a.s. The buyer’s advisor for the transaction was the law firm of Allen & Overy.

“After finalizing the deal we can fully concentrate on defining and implementing our joint objectives, with the primary one being customer service development. The existing ranges of services provided by both companies are well complementary, and the transaction will thus bring benefits to both our clients and business partners, who will gain a stronger partner and access to new services,” says Štěpán Ašer, Chief Executive Officer of J&T Bank, and adds: “The acquisition represents a major step for J&T in its strategic goal to develop its position in capital markets in terms of trading, asset management and IPO preparation.“

Following the closure, members were added to the Boards of Directors of both ATLANTIK group companies. 3 representatives of the new owner were added to each of the Boards. The new members of the Board of Directors of ATLANTIK Asset Management investiční společnost, a.s. and ATLANTIK finanční trhy, a.s. are Tomáš Martinec, M.Sc.  and Miloš Badida, M.A.. The third representative of J&T in the Board of Directors of ATLANTIK finanční trhy is Štěpán Ašer, whereas in ATLANTIK Asset Management, a.s. it is Miloš Zábojník M.Sc. 

“ATLANTIK’s management has done a great job over the recent years, and we want to continue in this effort together. The fact that the existing members of the Board of Directors stay is a natural way of expressing our trust in the management,” said newly appointed chairman of the Board of Directors of both companies Tomáš Martinec M.Sc.

About the companies
ATLANTIK FT is the strongest non-bank securities trader in the Czech market. In 2009, the total value of its transactions reached CZK 62 bn. ATLANTIK FT thus confirmed its position of the fourth largest securities broker in the Czech Republic. ATLANTIK has access to the largest stock markets in the USA and Europe as well as on stock exchanges in Hungary, Poland and more than 100 other countries.

ATLANTIK AM specializes in individual asset management for private and corporate clients, municipalities and clients from the non-profit sector (e.g., foundations, unions  etc.). The company provides individual investment advisory and sells and distributes trust units. As of the end of 2009, its clients entrusted funds totaling CZK 2.7 bn to ATLANTIK AM for management.

The J&T Group focuses on providing comprehensive services in private banking, asset management for private clients and institutions, investment banking and project financing. The Group provides its services primarily in the Czech and the Slovak markets but has also established presence in Switzerland, Russian Federation and the Caribbean. The Group’s assets are primarily concentrated in four banks (J&T Banka, a.s., J&T Bank (Switzerland) Ltd., J&T Bank ZAO and J&T Bank and Trust Inc.). J&T Finance, a.s., is a subsidiary of J&T Finance Group, a.s., and a parent company of the banks and other financial institutions in the J&T Group.

If you have any questions, please contact:

Petr Málek  
J&T BANKA, a.s.
Marketing Director  
malek@jtbank.cz   
+420 606 622 821