FM newsroom – property market. Three major players—Penta Real Estate, Engine Prague Development (EPD), and RSJ Investments Sicav—are moving forward with the joint acquisition of K1 Investment and Argo Alpha.
The Czech Competition Authority (ÚOHS) has taken up the case, announcing the review on its official website.
The authority stated that the merger mainly concerns activities in the leasing, management, and development of real estate. Because the transaction qualifies for a simplified procedure, a decision is expected within 20 days, E15.cz reports.
Profiles of the Acquiring Firm
Penta Real Estate serves as the property arm of the wider Penta investment group, while RSJ Investments Sicav—controlled by entrepreneur Libor Winkler—operates as a multi-sector investment fund with strong involvement in property development. EPD is a relative newcomer, founded last year by Radek Pokorný of the BPD Group. Ownership of EPD is shared between Pokorný and Miloslav Ježek, who also jointly control K1 Investment and Argo Alpha.
Although Pokorný and Ježek have ties to the two acquired firms, filings show that K1 and Argo Alpha were not previously included in EPD’s corporate structure.