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The companies LESS & TIMBER s.r.o. and LESS & ENERGY, s.r.o. have been taken over by investment group Jet Investment

Dear business partners,

We would like to thank you for your cooperation with LESS & TIMBER s.r.o., especially for continuing to believe in us even in the recent, economically challenging times. Please be assured that we highly value the trust that you have shown.

In this context, I am pleased to announce to you that the period of uncertainty has finally come to an end. As of 31 December 2014, the company LESS & TIMBER as well as its subsidiary LESS & ENERGY s.r.o. have been taken over by a stable domestic investment group, Jet Investment.

For almost twenty years, the Czech investment group Jet Investment has focused on investments in traditional Czech companies that develop and reveal their potential for further growth thanks to an active management. The portfolio of the group currently consists of six thriving Czech and Slovak companies with a total turnover of about 5 bilion CZK and more than 2.000 employees. For more details on the group Jet Investment please visit the group’s web site.

The takeover of LESS & TIMBER and LESS & ENERGY s.r.o. means above all a capital boost to both companies, whose potential could not be fully developed until now. Jet Investment is aware of the excellent growth potential of both companies and has therefore decided to work with them in the long term. The aim of Jet Investment is to make them become influential and competitive entities frimly established in its portfolio.

We will be very happy, if you choose to remain our business partners or, even more so, if our cooperation intensifies.

We look forward to our continued business cooperation.

Best regards

Ing. Igor Fait
Managing Partner
The Jet Investment investment group

Ing. Ladislav Prchal
Executive manager
LESS & TIMBER s.r.o.

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