Billionaire Kellner Family Gains Full Ownership of PPF Group
- Kellner family buys out two minority shareholders in PPF Group
- Transactions meant to simplify PPF’s ownership structure
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The heirs of late Czech billionaire Petr Kellner acquired full ownership of the richest family office in the European Union’s eastern wing, buying out two minority owners who helped build a business empire with €40 billion ($43 billion) in assets.
Kellner’s widow Renata Kellnerova and her family bought the shares in PPF Group from Ladislav Bartonicek and Jean-Pascal Duvieusart, who each held 0.535% stakes in the investment company, according to a statement, which didn’t disclose financial terms of the transactions.