The General Meeting of Tatra Trucks today approved financing that will enable the automaker to continue implementing its strategic investments and pursuing further development. Financing amounting to several billion Czech crowns will be provided by Ytara SPV, whose shareholder is Michal Strnad and which is not part of CSG Group. Michal Strnad’s decision to provide the financing confirms his long-term confidence in Tatra’s growth potential, as well as his readiness to reinvest part of the proceeds from CSG Group’s IPO in the further development of one of the Czech Republic’s most important industrial companies. Tatra has therefore secured funding for projects that are essential to expanding production capacity, modernizing manufacturing operations and strengthening its competitiveness in both domestic and international markets.
The General Meeting of Tatra Trucks today approved financing amounting to several billion Czech crowns through Ytara SPV, whose shareholder is Michal Strnad. Ytara SPV is not part of CSG Group. “The most important outcome of today’s General Meeting is that Tatra has secured financing for its further development. The company currently has an exceptional opportunity for growth, and it was the majority shareholder’s responsibility to ensure that it had sufficient funds to complete investments already under way and to continue expanding its production capacity. The approved financing gives Tatra certainty, enables rapid implementation and allows it to continue its investment programme without delay. In the current circumstances, this is essential if the company is to take advantage of the business opportunities ahead of it. It is, of course, up to the Board of Directors to decide whether and to what extent it will make use of the offer,” said David Chour, Vice-Chairman of the Board of Directors of CSG Group and a member of the Supervisory Board of Tatra Trucks.
The financing represents a swift and transparent solution that gives Tatra the certainty it needs to implement its long-term growth strategy. “Tatra is not part of CSG’s consolidated group, while CSG is also subject to the regulations of the Amsterdam Stock Exchange. CSG therefore cannot itself provide Tatra with a loan. However, Michal Strnad has long believed in Tatra and Czech industry, and he has therefore decided to provide a substantial portion of the proceeds he received from the IPO to Tatra through Ytara SPV to support its further development,” David Chour added.
Ytara SPV’s offer represents a credible and transparent financing solution based on demonstrably available financial resources and does not require the involvement of any additional parties. The sole purpose of the financing is to provide Tatra Trucks with the resources it needs to implement its investment and growth strategy.
“Since Promet once again declined to approve an increase in Tatra’s share capital today, the General Meeting approved an alternative method of financing the company through Ytara. Ytara has an exceptionally strong financial position and sufficient cash resources to provide the necessary funding to Tatra Trucks,” David Chour explained.
CSG Group is aware that Promet is offering Tatra alternative financing. “If Promet states that it is prepared to participate in financing Tatra’s further development, it is effectively confirming the need for investment that the company’s management has been highlighting for a long time. Above all, however, today’s decision by the General Meeting ensures that Tatra has access to the financial resources it urgently needs to implement its growth strategy and can continue investing without unnecessary delays,” David Chour added.
Promet’s offer does not make it clear who the actual provider of the financing would be. Based on publicly available information concerning Promet Group, its level of indebtedness and its financial performance, CSG doubts Promet’s ability to meet such a commitment and considers the offer to be a tactical move intended to block investment in Tatra once again. Promet’s offer also requires a significantly higher level of collateral, including a pledge over the company’s business undertaking. This raises doubts both about its ability to arrange the financing at all and about the source of the funds required for financing of this scale.
Tatra is investing more than CZK 1 billion in its future
Tatra is currently implementing investments exceeding CZK 1 billion. The most significant projects include a new special-modifications hall and engine testing facility, a new machining production hall and the modernization of the paint shop. These investments are intended to support further growth in production, increase productivity and enable the company to take greater advantage of growing demand for Tatra vehicles. They are, however, only the beginning of an extensive investment programme intended to help Tatra achieve annual production of more than 3,000 vehicles.
Tatra Trucks is entering the next stage of its development following an exceptionally successful 2025. The company’s revenue exceeded CZK 10 billion, while net profit increased year on year from CZK 19.3 million to CZK 185.7 million. At the consolidated level, Tatra Trucks Group increased its revenue by 17.8 percent, while its financial result improved year on year from a loss of CZK 120.7 million to a profit of CZK 384.9 million.
Results confirm the right strategy
According to CSG, the financial results for 2025 confirm both the soundness of the company’s development strategy and the importance of its cooperation with CSG Group companies. In recent years, these companies have generated orders for Tatra worth more than EUR 2 billion. CSG Group companies have consistently brought Tatra significant business opportunities, particularly in the defence sector. Defence contracts were one of the main factors behind the company’s record financial performance in 2025.
“Tatra is currently achieving its best results in years. Cooperation with CSG Group companies, which provide Tatra with orders, technological expertise and support for its further development, has made a significant contribution to these results,” said David Chour.
Minority shareholder continues to reject equity financing
The General Meeting once again declined to approve an increase in the company’s share capital, which the Board of Directors has long regarded as the preferred method of financing further development. “It is positive that financing for the company’s development has now been secured. At the same time, however, we do not understand why proposals to increase the company’s share capital have repeatedly been rejected. Such an increase would further strengthen the company’s financial stability and facilitate its access to external sources of financing. What Tatra needs today is not further disputes, but the creation of conditions for continued growth,” said David Chour.
CSG believes that the priority for all shareholders should be to continue increasing the value of Tatra Trucks, complete the investments already under way and take advantage of the exceptional business opportunities currently available to the automaker.
![[Photo CSG Defence]](https://euro-sd.com/wp-content/uploads/2026/06/EA-ShKH-155-mm-DITA-218x150.jpg "CSG Group to Exhibit Its Products and Projects at Eurosatory 2026 in Paris")
