Czech EP Group Secures Full Ownership of German Energy Firm Leag

The acquisition advances Leag's transition to green energy with planned investments in battery storage and hydrogen-compatible gas power plants.

EP Group, led by Czech billionaire Daniel Kretinsky, has acquired the remaining 30% stake in Leag from PPF Group, becoming its sole owner.
The transaction, announced on March 24, 2025, does not require regulatory approvals, including antitrust clearance.
Leag, based in Cottbus, is one of Germany's major electricity producers and plays a key role in the country's energy transition plans.
EP Group plans significant investments in environmentally friendly energy solutions, including battery storage and hydrogen-compatible gas power plants.
PPF Group, which is shifting its investment focus to safer assets like real estate, sold its stake as part of a broader strategic pivot under new leadership.