STV INVEST acquires stake in Promet Tools, impacting Tatra Trucks ownership

STV INVEST has completed the acquisition of a 50% stake in Promet Tools from the Promet Group. Through this transaction, STV INVEST becomes a co-owner of Promet Tools, which holds a 35% stake in the Czech vehicle manufacturer Tatra Trucks. This results in an indirect ownership of 17.5% in Tatra Trucks for the STV INVEST group.

The transaction received approval from the European Commission following a year-long investigation, which concluded that the deal does not raise competition concerns. While STV INVEST enters the ownership structure, CSG remains the majority shareholder with a 65% stake in Tatra Trucks.

The new ownership arrangement may influence future competition within the Czech defense industry, particularly regarding upcoming military tenders such as the selection of wheeled armored personnel carriers. The companies stated that their priority is to engage in negotiations with the CSG group to ensure the stable development of the Kopřivnice-based automaker.