Agrofert
Czech conglomerate holding company From Wikipedia, the free encyclopedia
Czech conglomerate holding company From Wikipedia, the free encyclopedia
Agrofert is a Czech conglomerate holding company headquartered in Prague, Czech Republic. It operates agriculture, food, chemical, construction, logistics, forestry, energy and mass media industries in the European Union and China with over 250 subsidiary companies.[4]
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| Formerly | Agrofert Holding |
|---|---|
| Company type | Private |
| Founded | January 25, 1993[1] |
| Founder | Andrej Babiš[1][2] |
| Headquarters | Prague, Czech Republic |
Area served | European Union | China |
Key people |
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| Revenue |
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| |
| |
| Total assets |
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| Owner | AB private trust I (90%) AB private trust II (10%) |
Number of employees |
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| Subsidiaries | Mafra Lovochemie SSW Piesteritz |
| Website | agrofert |
| Footnotes / references [3] | |
Most of them are owned directly by AGROFERT, a.s., the minor part of the portfolio consists of companies in which the maternal company has substantial influence. The companies of AGROFERT, a.s. operate mostly in central Europe: in the Czech Republic, Slovakia, Germany and Hungary. Furthermore, it operates in another 18 countries and 4 continents.[5] In 2012 the consolidated turnover of the company reached 132.5 billion Kč.[6] AGROFERT, a.s. is one of the biggest companies in the Czech Republic. Agricultural companies of the conglomerate manage 386,1 square miles of land in the Czech Republic. (Majority of the land is rented, that means 1,26 % of Czech land or 2,84 % of Czech arable land.) [7] Andrej Babiš has directed the conglomerate until January 2014 and owned it until 2017, he was forced to transfer ownership of company to two trust funds AB private trust I and AB private trust II controlled by his family and lawyers in order to comply with the new conflict of interest legislation passed by the Parliament.[8] In 2017 the conglomerate employed 33 thousand people, 22 thousand of them in CR.[9]
Agrofert was founded by Czech state company Petrimex (where Andrej Babiš worked as salesman), on January 25, 1993, and in its current form on July 1, 2000. The company was founded in 1993 by Petrimex. Andrej Babiš was its CEO until January 2014 when he became Finance Minister of the Czech Republic, and also its sole owner until 2017.
In November 2013, Agrofert bought Londa, which owns Rádio Impuls, Rádio Rock Zone 105.9 and Český Impuls.[10][11]
Speculations in January 2014 also indicated that the holding company was considering buying Prima or Nova television.[12]
In June 2022, it was announced that Borealis is to sell its fertilizers division to Agrofert for €810m.[13]
| Year | Earnings after Taxes in bn Kč |
Operating subsidies in bn Kč |
Investment subsidies in bn Kč |
Total subsidies in bn Kč |
Corporate income tax in bn Kč |
|---|---|---|---|---|---|
| 2019[14] | 4.5 | 1.62 | 0.35 | 1.97 | 1.5 |
| 2018[15] | 1.665[16] | 1.52 | 0.276[17] | 1.8 | |
| 2017[18] | 4.8 | 1.351 | 0.607 | 2.1 | 0.739 |
| 2016[19] | 7.78 | 1.1 | 0.4 | 1.533 | 1.505 |
| 2015[20] | 8.614 | 1.8 | 2.25 | ||
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