Asental Land, the company through which billionaire Zdeněk Bakala holds extensive land in the Karviná, Ostrava, and Frýdecko-Místecko regions, earned 308.6 million CZK from selling long-term assets in 2025. According to the company’s recently released consolidated annual report, this represents a significant increase from the 174 million CZK earned from such sales the previous year.
How much revenue did the group generate in 2025?
The group’s total net turnover for 2025 reached 403.8 million CZK, according to the annual report. While rental income contributed to this total, asset sales served as the primary source of revenue. After taxes, the firm reported a profit of 135.8 million CZK.
In addition to land, the company sold its 49.03% stake in Garáže Ostrava for 62 million CZK. Zdeněk Bakala received a dividend of 150 million CZK, matching the amount paid out the previous year.
What is the value of the company’s remaining land?
Asental Land currently holds land with a purchase price of 1.267 billion CZK. The annual report noted that the market price for sold assets significantly exceeded their book value, which was recorded at only 67.5 million CZK.
The group’s holdings include approximately 15,000 plots across the Karviná, Ostrava, and Frýdecko-Místecko regions. According to previous reporting by iRozhlas.cz, these plots consist of areas linked to former mines, access roads, reclaimed surfaces, forests, and ponds.
Why is solar energy development facing delays?
The group includes six companies, AG Solar I through VI, which plan to build solar power plants near Karviná. Although Karviná officials approved zoning changes for solar parks in the Křemenec and Vítkovy Stavy locations in mid-2024, construction has stalled.
The delay is due to uncertainty regarding the neighboring territory of the defunct town of Karviná-Doly. While the company plans an industrial park there with investor Panattoni, heritage conservationists have proposed declaring the area a heritage zone.
What is the history of Asental Land?
Asental Land was established in 2006 as a legal successor to the defunct mining company OKD following its division. The company acquired its land during the 2004 privatization of OKD.
At that time, the government relied on an appraisal by expert Rudolf Doucha. That appraisal valued the assets of the parent company, OKD, but did not include the assets of subsidiary companies, such as various land holdings or properties in Kladno and Slovakia.
Petr Soukup, spokesperson for Asental Land, stated that the company would not respond to questions regarding its intentions for further land or solar plant construction plans.
Frequently Asked Questions
How much did Zdeněk Bakala receive in dividends?
Bakala received a dividend of 150 million CZK, which was the same amount paid out the previous year.
Why has solar construction stalled in the Karviná region?
Construction has stalled due to uncertainty in the Karviná-Doly area, where heritage conservationists have proposed a heritage zone that may conflict with industrial plans.
What is the current purchase price of the land held by Asental Land?
Asental Land currently holds land with a total purchase price of 1.267 billion CZK.
How should the transition from coal mining to solar energy be managed in these regions?
