{"id":55184,"date":"2026-04-15T04:57:12","date_gmt":"2026-04-15T04:57:12","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/55184\/"},"modified":"2026-04-15T04:57:12","modified_gmt":"2026-04-15T04:57:12","slug":"kretinskeho-ep-infrastructure-splatila-drahe-zavazky-za-vice-nez-pet-miliard","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/55184\/","title":{"rendered":"K\u0159et\u00ednsk\u00e9ho EP Infrastructure splatila drah\u00e9 z\u00e1vazky za v\u00edce ne\u017e p\u011bt miliard"},"content":{"rendered":"

Spole\u010dnosti EP Infrastructure<\/a> (EPIF) miliard\u00e1\u0159e Daniela K\u0159et\u00ednsk\u00e9ho<\/a> se povedla na za\u010d\u00e1tku roku skv\u011bl\u00e1 finan\u010dn\u00ed transakce. Je\u0161t\u011b p\u0159ed v\u00e1le\u010dn\u00fdm konfliktem v\u00a0\u00cdr\u00e1nu vydala dluhopisy v\u00a0objemu p\u016fl miliardy eur (tehdy zhruba 12,15\u00a0miliardy korun) za zaj\u00edmav\u00fdch podm\u00ednek. Z\u00edskan\u00e9 pen\u00edze ale dlouho nezah\u00e1lely.<\/p>\n

\u201eN\u00e1sledn\u011b 12.\u00a0\u00fanora EPIF dobrovoln\u011b zcela splatil zb\u00fdvaj\u00edc\u00ed Schuldschein \u00fav\u011bry v\u00a0celkov\u00e9 v\u00fd\u0161i 210\u00a0milion\u016f eur,\u201c uv\u00e1d\u00ed konsolidovan\u00e1 v\u00fdro\u010dn\u00ed zpr\u00e1va Energetick\u00e9ho a\u00a0pr\u016fmyslov\u00e9ho holdingu (EPH), do n\u011bj\u017e EP Infrastructure spad\u00e1. Firma se tak zbavila v\u0161ech z\u00e1vazk\u016f z\u00a0financov\u00e1n\u00ed Schuldschein.<\/p>\n

<\/a><\/p>\n

\u00dav\u011bry Schuldschein jsou n\u011bmeck\u00fd dluhov\u00fd n\u00e1stroj, kter\u00fd je jednodu\u0161\u0161\u00ed oproti dluhopis\u016fm a\u00a0neobchoduje se na burz\u00e1ch. Je tak m\u00e9n\u011b likvidn\u00ed. Vhodn\u00fd je tak pro investora, kter\u00fd tento \u00fav\u011br koup\u00ed a\u00a0dr\u017e\u00ed ho do splatnosti. Jde tak o\u00a0banky \u010di poji\u0161\u0165ovny. Oproti dluhopis\u016fm m\u00e1 Schuldschein jednodu\u0161\u0161\u00ed dokumentaci a\u00a0nemus\u00ed spl\u0148ovat tolik podm\u00ednek, jako jsou nap\u0159\u00edklad covenanty (podm\u00ednky, kter\u00e9 nesm\u00ed emitent poru\u0161it). Nen\u00ed nutn\u00fd ani rating a\u00a0\u00fav\u011bry se neoce\u0148uj\u00ed v\u016f\u010di tr\u017en\u00ed cen\u011b (mark-to-market) jako dluhopisy.<\/p>\n

\u201eOptimalizujeme n\u00e1klady na financov\u00e1n\u00ed a\u00a0pr\u016fb\u011b\u017en\u011b prodlu\u017eujeme splatnost na\u0161ich z\u00e1vazk\u016f v\u00a0souladu s\u00a0na\u0161\u00edm velmi konzervativn\u00edm p\u0159\u00edstupem k\u00a0financov\u00e1n\u00ed. Minul\u00fd rok a\u00a0za\u010d\u00e1tek tohoto (p\u0159ed \u00edr\u00e1nskou kriz\u00ed) byly v\u00fdborn\u00e9 podm\u00ednky na trhu dluhopis\u016f, tak jsme toho vyu\u017eili, podobn\u011b jako cel\u00e1 \u0159ada podobn\u00fdch spole\u010dnost\u00ed,\u201c uv\u00e1d\u00ed mluv\u010d\u00ed EPH Daniel \u010castvaj. Podle portfolio mana\u017eera spole\u010dnosti Cyrrus Tom\u00e1\u0161e Pfeilera \u0161lo o\u00a0refinancov\u00e1n\u00ed z\u00e1vazk\u016f za v\u00fdhodn\u011bj\u0161\u00edch podm\u00ednek.<\/p>\n

EPIF vydala v\u00a0z\u00e1v\u011bru roku zelen\u00e9 dluhopisy za 600\u00a0milion\u016f eur a\u00a0letos dal\u0161\u00ed emisi za zm\u00edn\u011bn\u00fdch 500\u00a0milion\u016f eur. Tyto pen\u00edze vyu\u017eila na splacen\u00ed \u00fav\u011br\u016f Schuldschein v\u010detn\u011b zm\u00edn\u011bn\u00fdch 210\u00a0milion\u016f eur letos v\u00a0\u00fanoru. <\/p>\n

\u201eSou\u010dasn\u011b spole\u010dnost EPIF dobrovoln\u011b p\u0159ed\u010dasn\u011b splatila tran\u0161e Schuldschein \u00fav\u011br\u016f v\u00a0celkov\u00e9 v\u00fd\u0161i 285\u00a0milion\u016f eur,\u201c vy\u010d\u00edsluje \u010castvaj a\u00a0pokra\u010duje: \u201eTento krok sn\u00ed\u017eil refinan\u010dn\u00ed riziko, prodlou\u017eil splatnostn\u00ed profil dluhu skupiny EPIF a\u00a0pos\u00edlil dlouhodobou finan\u010dn\u00ed flexibilitu.\u201c \u00dav\u011bry Schuldschein m\u011bly toti\u017e splatnost v\u00a0letech 2027\u00a0a\u00a02029, zat\u00edmco dluhopisov\u00e9 emise jsou splatn\u00e9 v\u00a0letech 2033\u00a0a\u00a02034.<\/p>\n

Na p\u0159ed\u010dasn\u00e9m splacen\u00ed zm\u00edn\u011bn\u00fdch \u00fav\u011br\u016f EPIF z\u00e1rove\u0148 zna\u010dn\u011b u\u0161et\u0159\u00ed. \u00daro\u010dily se toti\u017e \u0161estim\u011bs\u00ed\u010dn\u00ed mezibankovn\u00ed sazbou EURIBOR s\u00a0p\u0159ir\u00e1\u017ekou 2,5\u00a0a\u00a02,9\u00a0procentn\u00edho bodu, co\u017e v\u00a0sou\u010dasnosti p\u0159edstavuje p\u011bt procent a\u00a05,4\u00a0procenta. Oproti tomu EPIF dok\u00e1zal vyu\u017e\u00edt z\u00e1jmu investor\u016f a\u00a0vydal dluhopisy se sazbou 4,125\u00a0procenta loni v\u00a0listopadu a\u00a04,375\u00a0procenta letos v\u00a0lednu. Splacen\u00ed zm\u00edn\u011bn\u00e9ho \u00fav\u011bru ve v\u00fd\u0161i 210\u00a0milion\u016f eur p\u0159inese \u00fasporu p\u0159es dva miliony eur (p\u0159es 51\u00a0milion\u016f korun) za rok.<\/p>\n

<\/a><\/p>\n

EP Infrastructure se zab\u00fdv\u00e1 p\u0159epravou zemn\u00edho plynu, distribuc\u00ed plynu a\u00a0elekt\u0159iny, tepl\u00e1renstv\u00edm a\u00a0skladov\u00e1n\u00edm plynu. Kontroln\u00ed pod\u00edl ve v\u00fd\u0161i 69\u00a0procent vlastn\u00ed ve spole\u010dnosti Energetick\u00fd a\u00a0pr\u016fmyslov\u00fd holding Daniela K\u0159et\u00ednsk\u00e9ho. Zbytek vlastn\u00ed sdru\u017een\u00ed investor\u016f pod veden\u00edm spole\u010dnosti Macquarie Infrastructure and Real Assets.<\/p>\n

V minul\u00e9m roce dos\u00e1hla firma EP Infrastructure p\u0159\u00edjm\u016f ve v\u00fd\u0161i 3,1\u00a0miliardy eur, kdy\u017e o\u00a0rok d\u0159\u00edve to bylo zhruba 3,6\u00a0miliardy eur. Ukazatel zisku EBITDA (zisk p\u0159ed \u00faroky, dan\u011bmi a\u00a0odpisy) byl p\u0159es jednu miliardu eur, co\u017e p\u0159edstavuje meziro\u010dn\u00ed pokles o\u00a0342\u00a0milion\u016f eur. Na zhor\u0161en\u00ed v\u00fdsledk\u016f se nejv\u00edce pod\u00edl\u00ed pokles p\u0159epravy zemn\u00edho plynu a\u00a0m\u00e9n\u011b p\u0159\u00edzniv\u00e9 tr\u017en\u00ed podm\u00ednky v\u00a0oblasti skladov\u00e1n\u00ed plynu.<\/p>\n","protected":false},"excerpt":{"rendered":"Spole\u010dnosti EP Infrastructure (EPIF) miliard\u00e1\u0159e Daniela K\u0159et\u00ednsk\u00e9ho se povedla na za\u010d\u00e1tku roku skv\u011bl\u00e1 finan\u010dn\u00ed transakce. Je\u0161t\u011b p\u0159ed v\u00e1le\u010dn\u00fdm…\n","protected":false},"author":2,"featured_media":55185,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[67,68,8005,3903,17084,150,5000,7825,19703,2156],"class_list":{"0":"post-55184","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-byznys","8":"tag-business","9":"tag-byznys","10":"tag-daniel-kretinsky","11":"tag-dluhopisy","12":"tag-energeticky-a-prumyslovy-holding-eph","13":"tag-energetika","14":"tag-ep-infrastructure","15":"tag-konflikt-usa-izrael-iran","16":"tag-zelene-dluhopisy","17":"tag-zemni-plyn"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116406953105119824","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/55184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=55184"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/55184\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/55185"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=55184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=55184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=55184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}