In connection with the successful completion of due diligence, the private Chinese company CEFC China Energy Company Limited (CEFC) is one step closer to completing its entrance into J&T Finance Group SE (JTFG). Through its subsidiary CEFC Hainan International Holdings CO., Ltd., CEFC is increasing its share in the banking group to 9.9%. Any further increase in CEFC’s share will now require the consent of regulators in those countries where JTFG is present. CEFC’s will request consent to increase its share in JTFG to 30 % in the coming days.
“In CEFC we have found a partner with the same vision as us as regards development possibilities in our region, where we want to grow, both organically and through acquisitions,” says Patrik Tkáč, Deputy Chairman of the Board of Directors of JTGF.
The current distribution of shareholdings in J&T FINANCE GROUP SE is as follows: Jozef Tkáč and Ivan Jakabovič hold 45.05 % each; CEFC China Energy Company Limited (CEFC) currently holds the mentioned 9.9 %.
JTFG Group’s equity amounted to EUR 1.234 billion as at 30 June 2015.