Slovak-Czech investment bank J&T Finance AS Tuesday said it has agreed to take over Prague-based stock broker Atlantik Financial Markets and Atlantik Asset Management, two closely held companies controlled by KKCG Finance BV.

No financial details of the transaction were disclosed. KKCG Finance BV is a major Czech financial firm, controlled by financier Karel Komarek. Besides its financial services activities, KKCG is a key participant in Central European heavy industry, natural gas and oil mining sectors.

In 2009, Atlantik Financial Markets brokered transactions with a total value of 62 billion koruna ($2.9 billion) and Atlantik Asset Management had fiduciary oversight on assets worth CZK2.7 billion.