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Companies under Kretinsky's control or joint control had core operating profits (EBITDA) of more than 9 billion euros last year and assets of more than 80 billion euros, an EPH spokesperson said. EPH reported earnings before interest, tax, depreciation and amortisation of 4.3 billion euros for 2022. The 2016 takeover of Vattenfall's German mines and 8,000 megawatt coal power plants is one example, where Kretinsky received 1.7 billion euros ($1.8 billion) in cash to buy the assets and the Swedish group booked a large loss on the deal.

Kretinsky's Prague-based holding firm employs around 250 people, with only a small plaque to signal its presence on the appropriately-named boulevard-style Paris Street. It is run by a loyal inner circle of managers, some with small equity stakes. Silicon Casino happened in 1994. He is also facing political headwinds in his quest to buy Atos' legacy operations in France and failed to win the auction for German utility Steag earlier this year, sources with knowledge with the situation said.

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