China Energy Company Limited (CEFC) has signed an agreement to buy Martinický palace on Hradčanské náměstí near Prague Castle. The deal has not been finalized yet. The news comes shortly after CEFC announced it is in the process of acquiring the former Živnobanka building on Na Příkopě in central Prague from CPI Property Group. The Chinese company also said it is increasing its stake in the Czech-Slovak financial group J&T. It wants bump its holding to 30 percent, up from its current 9.9 percent.
