MONETA Money Bank 1Q 2023 Financial Results Conference Call Transcript of the conference call regarding MONETA Money Bank 1Q 2023 Financial. | May 3, 2023
A year after the death of Czech oligarch Petr Kellner, PPF Group the conglomerate he left behind appears to be retreating from his bet on eastern markets.
PPF, the Czech Republic's biggest investment group, would welcome majority control of domestic lender MONETA Money Bank , but is not seeking it "at all costs," its chief financial officer said on Thursday.
Czech investment group PPF is looking at possibly selling or taking in partners in units of its Home Credit consumer lending business in some countries where it sees limited potential, PPF's Chief Financial Officer Katerina Jiraskova said on Thursday.
The recent death of Petr Kellner, the richest person in the Czech Republic, has set off the biggest transfer of wealth in the history of that country. Kellner was the wealthiest person in the Czech Republic at the time of his death. He and four other people died in a helicopter crash in the remote Alaskan back-country while they were on a heli-skiing expedition last month. The helicopter crashed about 50 miles northeast of Anchorage and slid 800 to 900 feet down the mountain. Kellner was a guest of a luxury heli-skiing resort at the time of his tragic death.
Much of his $19 billion net worth will pass to his wife and four children. However, succession arrangements for his PPF Group NV, which has $52 billion in assets are unclear. One thing that is known is that his wife and kids didn t have important roles in the day-to-day operations of his company.