Daniel Kretinsky, rectifier of neglected sectors

Daniel Kretinsky, rectifier of neglected sectors
Daniel Kretinsky, rectifier of neglected sectors

Published on May 2, 2024 at 10:50. / Modified on May 2, 2024 at 11:51.

A priori, it is difficult to distinguish the guideline of Daniel Kretinsky’s investments. Before becoming a major shareholder in German steel giant Thyssenkrupp, the Czech billionaire built his fortune in energy, through coal and gas power plants in the early 2000s and then, a decade later, thanks to Eustream gas pipeline, through which Russian gas transited to Europe. Then, the trained lawyer diversified into mass distribution (Metro in Germany, Sainsbury in Great Britain, Fnac-Darty and Casino in France), the media (TF1, The world, She, Release, Marianne) and more recently IT (Atos) and publishing (Editis, number two in France, with Robert Laffont, Nathan and Plon).

The common point in these participations of the forty-year-old, member of the circle of the 300 richest individuals in the world according to the magazine Forbes: bet on traditional sectors, in difficulty but which can still deliver a few billions. “Our philosophy is to invest in services that are essential to the population with a significant asset base. This is the case for energy, it is also the case for food,” summarized Daniel Kretinsky to the French economic daily The echoesin July 2023.

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