Chinese CEFC wants to increase its stake in J&T Finance Group to 50 percent, which would bring the total volume of Chinese investment in the company to €980m. When announcing the interest from CEFC a few months ago, J&T claimed CEFC wanted to acquire a 30 percent stake in the company. At the moment, it has a 9.9 percent share, while the two majority owners, Jozef Tkáč and Ivan Jakabovič each hold 45.5 percent. The plan is to be officially announced in April, and is still to be approved by the Czech National Bank.
