Founded in 1991, PPF Group is a privately owned investment group. As of June 2013, PPF Group's assets amounted to 22 billion euros, its equity reached 5.5 billion euros. PPF focuses on building long-term investments focused on sustainable wealth creation. PPF Group's core businesses focus on financial services, fixed and mobile telephony, real estate, biotechnology, precious metals and retail sales. PPF is active in Central Europe, Russia, China and South-East Asia.