CEFC takes 60% stake in Slavia Prague

CEFC China Energy Company Ltd, considered the country's sixth-largest private company, has made its latest investment in the Czech Republic, taking a majority 59.97-percent stake for an undisclosed sum in SK Slavia Prague, one of the central European nation's oldest soccer clubs.

CEFC closed a series of strategic agreements in the country last week, including the acquisition of two buildings in the capital Prague's historic center, and a stake increase in the Czech-Slovak investment group, J&T Finance.

The remaining stake in Slavia Prague will be controlled by Fly Sport Investments, a private company owned by Czech businessman Jiri Simane.