Promet Group will supplement its notification to the European Commission regarding the review of STV INVEST Group's acquisition of a stake in Promet Tools, a shareholder of Tatra Trucks
The Promet Group will take the opportunity to supplement its notification to the European Commission regarding the assessment and approval of the strategic equity link between the STV INVEST Group and Promet Tools, which holds a significant 35% stake with blocking rights in Tatra Trucks. This is in response to objections raised by Tatra Trucks last week with the European Commission. The purpose of this move by Promet Group’s management is to enable the European Commission to formally address these objections.
The European Commission launched proceedings regarding the STV INVEST Group’s proposed acquisition of a stake in Promet Tools on June 10, 2026. Tatra Trucks filed objections seeking to challenge this transaction. “I view this joint move by Tatra’s management and the CSG Group as merely another attempt to delay the European Commission’s approval. We discussed the entire case with the Commission during nearly a year of pre-notification negotiations. The European Commission therefore certainly already has sufficient information to objectively assess this case and its impact on competition. In our next steps, we will proceed in a manner that brings the transaction to a successful conclusion. After assessing the situation, resubmitting our application with additional information is the best possible course of action,” commented Denisa Materová, CEO of the Promet Group.
The Course of the Notification Process with the European Commission to Date
In April 2025, the engineering group Promet Group and the STV INVEST Group announced the conclusion of an agreement under which STV INVEST is to acquire a 50% stake in Promet Tools, which holds a 35% stake in Tatra Trucks. The transaction has already been contractually agreed upon by both parties. Before it can be completed, it must be approved by the competition authority. Accordingly, based on a request from Promet Group, the European Commission launched a detailed pre-notification process last July, during which it repeatedly consulted all relevant parties, including Tatra Trucks and CSG.
“In our experience, the European Commission proceeds very carefully and asks a wide range of questions. From our perspective, this only confirms that it is thoroughly examining all aspects and risks that STV INVEST’s equity investment in Promet Tools could entail. We view the fact that the pre-notification procedure has been concluded and we were able to proceed with formal notification in accordance with the Commission’s instructions as a clear sign of a proper assessment. “Since both the CSG Group, as the majority shareholder, and Tatra Trucks were asked by the European Commission over the past year to cooperate and provide information, we have no doubt that they have already provided the Commission with all key information,” adds Denisa Materová.
This is one of the reasons why the pre-notification process was lengthy. The inquiry was extensive and detailed, involving several rounds and a number of entities. The European Commission’s assessment precludes national competition authorities from reviewing the transaction.
Expectations Following STV INVEST’s Entry
Tatra Trucks has filed objections with the European Commission with the aim of having the case referred to a longer-term proceeding. “In our view, their arguments are self-serving and, in many places, even misleading. I must reject them. We view the entry of the STV INVEST Group—a financially strong partner from the defense industry—as a strategic move that opens up new opportunities for Tatra’s development. It brings deep knowledge of the defense sector, a range of business opportunities, and new capabilities. This is a financially strong partner, which provides the company with stability, better opportunities for growth, and investment. Through this move, Promet Tools will gain expertise related to the military sector and strengthen our position as a shareholder. We took this step because we care about Tatra and the employees who work there. It should help us once again actively contribute to the successful continuation of this strong Czech brand’s story as a more-than-equal partner. Moreover, it is a purely Czech company, just as we are. Our goal is for Tatra to remain in Czech hands and to create added value in Kopřivnice and for the Czech Republic,” added Denisa Materová.
For more information, please contact:
Pavel Barvík
Director of Marketing and Communications, Promet Group; Spokesperson
Tel. +420 602 266 815
Email: pavel.barvik@prometgroup.eu