China's CEFC takes stake in Czech-Slovak J&T Finance Group

May 14, 2015 2:47 PM

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PRAGUE May 14 China's privately-owned CEFC China Energy Group Ltd has taken a 5 percent stake in Czech-Slovak J&T Finance Group, an initial step in a partnership of the investors focused on finance and energy, J&T said on Thursday.

The Group has so far been fully controlled by its two founders, Ivan Jakabovic and Josef Tkac. J&T Finance Group owns financial firms including J&T Banka active in the Czech Republic and Slovakia and the Slovak Postova Banka.

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