People By

Jaroslav Strnad expands his port empire: J&T and CE Industries acquire stakes in Polish ports

Jaroslav Strnad expands his port empire: J&T and CE Industries acquire stakes in Polish ports

Czech entrepreneur Jaroslav Strnad, together with the Auctor Holding investment group under J&T Private Equity Group, has completed a deal to acquire stakes in the Polish cargo ports of Świnoujście and Gdynia. The value of the transaction has not been disclosed, but according to Forbes sources, it runs into hundreds of millions of Czech crowns.

The asset belongs to OT Logistics, one of Poland's largest port and logistics infrastructure operators and a key player in Baltic Sea ports. The company has more than 80 years of history and its shares trade on the Warsaw Stock Exchange, though its business has recently faced declining revenue. Strnad and his partners secured nearly half of the stake in OT Logistics after several months of negotiations, and the deal has already been approved by Poland's antitrust regulator.

This marks the second port investment by CE Industries, the group owned by Strnad. The company also owns the railway wagon manufacturer Đuro Đaković in Croatia and had previously acquired a stake in Croatia's largest and most important port, Luka Rijeka, from the same owner.

For the Polish deal, Strnad teamed up with Auctor Holding, an investment group controlled by J&T Private Equity Group and Oleg Uskokovič, active across Central and Eastern Europe with consolidated revenue exceeding one billion euros. The joint owner of the key stake is officially DD Rail Properties, a joint venture between Auctor Holding and CE Industries.

"We plan to invest in port infrastructure and technology, and to improve communication with clients. I think it's a good thing that Czechia now has someone with real capabilities in Polish ports," Jaroslav Strnad said earlier in an interview with Forbes.

Adam Šotek, deputy chairman of the board at CE Industries, added that entering port logistics naturally complements the group's railway operations and opens new prospects for developing transport flows in the region. Josef Pilka, a board member at Auctor Holding, emphasized that Poland remains one of the group's key investment regions, where it plans to further strengthen its presence and seek new deal opportunities.

By the Around Prague newsroom

Share: Telegram WhatsApp

More U.S. news

Apple Unveils M6 14-Inch MacBook Pro at the Same $1,999 Starting Price
Apple on Oct. 27 announced a refreshed 14-inch MacBook Pro built around the new M6 chip, according to MacRumors. The laptop starts at $1,999, opens for preorder on Wednesday, Oct. 28, and goes on sale
What the iPhone Duo Screen Reports Mean for Buyers Paying $1,999
Apple has acknowledged that some of its new foldable iPhone Duo handsets have inner-screen problems and says affected owners should contact AppleCare for a replacement. The company has not said how ma
Judge Extends Ban on Tree Removal at Trump’s Planned East Potomac Golf Overhaul
A federal judge in Washington on Monday extended her order blocking the Trump administration from removing or damaging trees at East Potomac Golf Links, a publicly owned course beside the Potomac Rive
Why Trump Is Taking Three Football Names to Texas in the Final Week Before the Midterms
President Donald Trump will campaign in Texas on Tuesday alongside three well-known football figures, Axios reported, as Republicans try to get their voters to the polls in the last week before the mi
Israel Votes in a Tight Race That May Not Produce a Quick Winner
Israelis vote Oct. 27 in an election that many there describe as the most consequential in the country's history. It pits Prime Minister Benjamin Netanyahu's right-wing and religious bloc against an o
United Flight Turns Back to Las Vegas Over Alleged Hijack Text; Man Arrested
A United Airlines flight bound for Newark, New Jersey, turned around and landed back in Las Vegas on the night of Oct. 24 after a flight attendant reportedly saw a passenger texting about hijacking th

Related news

Jana Kotalíková spent more than ten years alongside former prime minister Petr Fiala: nearly eight as spokeswoman for the ODS party, then as head of the Government Office. After last year's parliamentary elections she moved to the private s
Social media advertising specialist Honza Bartos has helped companies invest more than two billion crowns in Facebook and Instagram ads. His main advice to online store owners: the success of campaigns has long depended not only on the sett
The Brno startup Meveri grows meat in a test tube, and its founder Roman Laus expects Czechia to soon allow tastings of such a product. According to him, by the end of the year the country will become the second in Europe after the Netherla
Věra Komárová, who has shaped the face of the cosmetics brand Dermacol for more than twenty years, is leaving her post as marketing director. Her dismissal coincides with a conflict with her husband Vladimír Komár, the company’s sole ultima
The couple František and Michala Vašíček founded their own premium supplement brand, Nodzono, because they themselves were lost in the huge choice of vitamins. They put a few million euros of their own money into the project. After a succes
The Czech investment group V-Sharp, led by entrepreneur Michal Menšík, will acquire a 25 percent stake in Innovation Lab, the company that runs the Eat Smart project. The project came about through a collaboration between chef Filip Sailer
Leoš Anderle, longtime chief executive of developer Sekyra Group, is leading the largest construction project in Prague since the revolution: Smíchov City. At peak load, the site will turn over 900 million crowns a month, almost nine times
Alina Janovská and Pavel Vojtík, the founders of the Czech bag brand Loro Oro, are ending the business after nine years. Only a few months ago, they were planning to expand into foreign markets and were in talks with a strategic investor.Th
Martin Stibor, CEO of the Czech investment platform Bondster, explains why private credit is becoming one of the fastest-growing segments of investing worldwide. Bondster is among the pioneers of this approach for retail investors in Centra
Pavel Rzhegak, one of the key people at Direct, has reopened Jim Collins’s book Good to Great after more than ten years. Together with his team, he wants to use its principles to plan the company’s next stage of growth.He spoke about it in
Zuzana Švédová, head of Cisco’s Czech branch, believes Europe is learning to stand on its own feet. Countries in the region want to keep control of their data and technology, and that is changing the requirements even for American suppliers
Jiří Pecina, head of the telemedicine group Meddi, believes a true founder has to be “a little crazy,” but needs someone beside them who won’t let them go off the rails. He shared his path from a bicycle business to a global medtech company