September 5, 2015

CEFC board head advises Zeman

Chinese firm CEFC that has made several acquisitions recently

Prague, Sept 5 (ČTK) —Ye Jianming, board chairman of the Chinese CEFC Group that has gained stakes in several Czech firms and bought some real estate in Prague recently, has been an adviser to Czech President Milos Zeman since April, Czech Radio (ČRo) said today.

However, the name is not stated in the official list of Zeman’s advisers on the web page of the Presidential Office.

Zeman’s spokesman Jiří Ovčáček said Ye Jianming is not part of the regular team of advisers and that he is not on the Presidential Office’s pay list.

Ovčáček said Ye Jianming has a special task. He is Zeman’s special adviser “for the Chinese People’s Republic, focusing on economic and economic development issues.”

ČRo said, referring to information on the CEFC’s web page, Ye Jianming received his credentials personally from Vratislav Mynář, head of the Presidential Office, and Martin Nejedlý, head of the advisers, right in Shanghai.

Zeman is currently on an official visit to China. CEFC signed during his visit today several agreements, based on which it will gradually gain almost 50 percent in the biggest Czech air carrier, Travel Service. Together with partners, it will acquire a 79.4 percent stake in the Pivovary Lobkowicz Group of brewers and become a minority owner of the firms Medea Group and Empresa Media.

Earlier this week, CEFC announced the purchase of the Czech first football league club Slavia Praha, of the Martinický palác on Hradčanské náměstí and the building of Živnobanka bank, both in Prague, and an increase in its stake in the Czech-Slovak financial group J&T Finance from 5 to 10 percent.

CEFC (China Energy Company Limited) is the biggest private company in Shanghai and the sixth biggest private company in China. It is active in particular in the areas of finances, energy and industry.

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