PPF Group Buys 25% of Joint Holding from ECM’s Janku, CTK Says

PPF Group NV, a Czech investment company owned by billionaire Petr Kellner, bought the remaining 25 percent of a property holding it jointly owned with Milan Janku, the majority owner of ECM Real Estate Investments AG, CTK reported, citing PPF spokesman Milan Tomanek.

Kellner renamed the now wholly owned holding PPF Real Estate last month so it wouldn’t be confused with ECM, which is in breach of bond covenants.

To contact the reporter on this story: Ladka Bauerova in Paris at lbauerova@bloomberg.net

To contact the editor responsible for this story: James Gomez at jagomez@bloomberg.net

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