Iain Child takes over the position of Managing Partner at Penta Investments from Jaroslav Haščák

Iain Child takes over the position of Managing Partner from Jaroslav Haščák, and will manage the buy-out division, which is responsible for all our investment companies, with the exception of Penta Real Estate.

“With more than 15 000 people working in our investment companies, Penta Investments is the largest employer in Slovakia. We operate in accordance with the law and our companies are an important part of the economy in the regions where they sell products and services to millions of customers. I want to assure all our employees, business partners and customers that our company is stable. Despite the economic recession caused by the coronavirus pandemic, Penta is in excellent condition, ready to support all our companies and projects,” says Iain Child.

Iain Child became partner at Penta in 2010. Before he joined Penta Investments, Iain worked at Deloitte Central Europe as a Senior Partner. Iain comes from Great Britain, and has lived in Central Europe and Slovakia for an extended period of time. He is responsible directly for Penta’s investments in Primabanka and Fortuna Entertainment Group.

Management of Penta Investments on the executive level is also supported by other partners: Marek Dospiva – Managing Partner for Penta Real Estate, Jozef Oravkin, responsible for Privatbanka, real estate projects in Slovakia and Slovalco company, and Eduard Maták, who is responsible for investments in healthcare.

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Jaroslav Haščák returns to Penta’s top management

Jaroslav Haščák, the co-founder of the Penta investment group, returns to the top management of the company after almost four years. With effect from 1 October 2024, he will once again be fully involved in the Investment Committee and the Executive Board, as well as in the management of Penta Group’s corporate portfolio.

Penta opens up to investors after 30 years since its founding

Penta has reported a net profit of €504 million for the financial year 2023, which is the 2nd best result in the Group´s history (after the record numbers achieved in 2021). The Group’s consistent and robust results stem from the strong underlying growth of it’s core portfolio companies.

Continuing to invest into long term growth despite a challenging business environment

Penta has reported a net profit of €483 million for the financial year 2022. The consistent profits generated allow the group to continue to invest significantly into its portfolio of companies with Capital Expenditures totalling €806 million during 2022. Currently the Group employs more than 40,000 people and paid a total of €607 million in income tax and other social contributions.

Penta Real Estate is launching an Architectural and Urban Design competition for a development near the southern bank of the Danube River.

Penta Real Estate is launching an international architectural and urban design competition, the aim of which is to find a future solution and form of development of the area near the southern bank of the Danube river, in the area between Bratislava’s Old Bridge, the Apollo Bridge and the Harbor Bridge. The competition is open, three invited international architectural studios will also participate.

Penta has sold a majority stake in the Empik Group

The current president of the company’s management board, Ewa Szmidt-Belcarz, takes over a controlling stake in the Empik Group.

Penta continues significant investments

Penta has reported a net profit of €570 million for 2021. The group continues to invest significantly into its portfolio of companies with CAPEX totalling €525 million during 2021. Over the next five years, Penta is planning to invest a further €3 billion into both organic development and acquisitions within its existing investment platforms. At the end of 2021, the Group employed more than 41,000 people and paid a total of €496 million in income tax and other social contributions.

Masaryk’s highest point cost 600 million

The reinforced concrete skeleton of the two buildings we are constructing at Masaryk Railway Station in the centre of Prague has reached its highest point. We first presented British architect Zaha Hadid’s multifunctional building project to the public six years ago, and the building itself began to grow along Na Florenci Street in March last year.

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