The Mattoni 1873 group plans to continue expanding through acquisitions in Central and Eastern Europe. ČEZ's subsidiary, Elevion Group, has signed an agreement to acquire a 100% stake in the Italian biogas producer BTS Biogas, which is currently the group's largest investment in the renewable gas sector. The Chamber of Deputies will likely approve the resumption of electronic sales records starting next year. The European Public Prosecutor's Office (EPPO) has initiated criminal proceedings regarding subsidies to the Agrofert holding. The real estate developer Crescon Real Estate is expanding its investment strategy to include older properties, beyond brownfield sites. Diesel fuel prices will increase next week, exceeding 40 Czech crowns per liter.
The Mattoni 1873 group, a Central European leader in mineral and spring water, plans to continue expanding and seeking suitable companies for acquisitions, focusing on Central or Eastern Europe. The owner, Alessandro Pasquale, also stated that he personally has a firm limit – he does not want to invest in countries that became part of the communist bloc in the first wave after 1917.
Elevion Group, a ČEZ group subsidiary focused on decarbonization and energy efficiency, has signed an agreement to acquire a 100% stake in the Italian company BTS Holdings Italy and its subsidiaries from American BTS Bioenergy Europe. The acquisition includes a portfolio of nine plants in northern Italy, three of which are already operational, and six are being converted from biogas to biomethane. After the conversion is completed, the total annual production of biomethane will be 30 million standard cubic meters. This is Elevion Group's largest investment to date in the renewable gas sector, with the group aiming to achieve a total annual capacity of 70 million standard cubic meters of green gas by 2030.
The Chamber of Deputies will likely approve today the proposal to resume electronic sales records starting next year. The government hopes that the reintroduction of the system, albeit in a modified form, will improve the business environment and generate additional revenue for public budgets. The opposition questions these benefits.
The European Public Prosecutor's Office (EPPO)
The real estate development group Crescon Real Estate is expanding its investment focus in the Czech Republic beyond the previously preferred construction on brownfield sites. In addition to large development areas, the company also wants to make greater use of the potential of older properties in the future, offering a wider portfolio of projects.
Fuel prices will increase again next week. Diesel fuel will exceed 40 Czech crowns per liter after the government stopped extending price controls on fuels, and global markets are reacting to renewed tensions in the Strait of Hormuz, which is pushing oil prices higher.