The Sunday Times has claimed that West Ham shareholder Daniel Kretinsky risks taking a financial hit over his links with Russian state gas giant Gazprom.
The Czech billionaire who owns stakes in Sainsbury’s, Royal Mail controls EP Infrastructure, which in turn owns 49 per cent of Eustream, the company operating yjr gas-transmission system piping Russian gas to central and eastern Europe.
Garry Mazzotti, EP Infarstructure CEO, stated “Safeguarding the continuity of the essential energy security service in the countries where it operates remains among the EPIF Group’s top priorities.
The EPIF Group benefits from highly diversified portfolio of assets across four main business segments, which contributes to stability and predictability of our business model. The EPIF Group continues to focus on pursuing its strategy to generate stable and predictable cash flows
The Czech tycoon’s Luxenberg investment vehicle, Vesa, is the largest shareholder in Royal Mail with a 19 per cent stake worth about £798 million.
His investment firm also co-owns the Czech News Center which publishes several daily newspapers (Blesk, Aha! and Sport) as well as a 4.63% stake in French retailer Casino (Casino, which owns the famous Monoprix and Franprix supermarket and convenience store brands, among others)
They have a stake in Germany’s Metro and a 40% stake in Mall Group, a major e-commerce company in Central and Eastern Europe.
He owns 40% of Sparta Prague and late last year spent £150m for 27 per cent of West Ham United.