He used the acquired money to buy at the time small Regiobanka in Karlovy Vary (today's Hypoteční banka); he subsequently sold it to IPB at a very advantageous price.
Share trades (mainly electricity company ČEZ and Telefónica) and currency rate movement speculations are probably the biggest source of Tykač's billion-dollar assets.
[9] In 2006, he entered the energy sector by investing in a minority stake in the Czech Coal mining group.
[11] In 2017, he completed a commercially successful period with several major contracts, rebranding Czech Coal to Sev.en Group.
In 1990 he started to import and sell computer equipment, and later, in 1991, he founded Vikomt company with three other partners, which became one of the top three companies on the market in the first half of the nineties In 1995 he sold his share and used the money (up to one billion dollars) to take over a small Regiobanka in Hradec Kralove, which he subsequently sold to IPB.
Tykač gained a significant portion of his assets while trading with shares of the coupon privatization in the nineties.
When the bank collapsed in autumn 1996, it was suspected that Motoinvest had played a role in this and two of its representatives were charged with criminal offences.
[15] The bank's appointed liquidator confirmed the same reasons for its failure and the court subsequently freed the accused Motoinvest representatives (Jan Dienstl and David Knop-Kostka).
It was a small financial institution with a balance sheet of approximately 2.5 billion CZK, which scarcely provided loans or kept accounts for individuals.
In the fall of 1995, it played a central role in the legendary Motoinvest Group event, which, with the help of a massive "small shareholders cry foul" advertising campaign, bought shares from voucher privatization.
The bank operated until 2003, when it lost a court case for errors made in its role as a CS Funds depository and filed for bankruptcy in March 2003, subsequently going into liquidation.
[16] The most valuable acquisition of the Motoinvest Group (in which Tykač played a central role) was a major share in Agrobanka.
It played a crucial role in Tykač's plans, namely to become the key player of a new and emerging financial and industrial group.
[18] At the beginning of the new millennium, after several years in seclusion, Tykač started to invest into equities on the Prague Stock Exchange and speculative trading in foreign currencies.
He was sure that ČEZ fusion with various regional distributors into "SuperČEZ" will result into a significant increase in the value of the investments in a relatively short time.
[19] In 2002 he was involved in securing funding for the company EC Group, which won the tender for the purchase of receivables from the Czech Consolidation Agency in the nominal amount of 38 billion CZK.
The group overpaid such renowned consortiums as Goldman Sachs / Flow East or PPF / CS First Boston, by about half a billion CZK.
This business move created a new group on the market called Severní energetická, in which Tykač owns a 40% share.
Subsequently, Crassus GmbH immediately sold the CS Funds to Kos-Mos, a Russian company based in Moscow.
The prosecution of Tykač and other three suspects was terminated after a review by the Supreme Public Prosecutor's Office in 2008 with the conclusion that the conduct of these persons in connection with CS Funds had not been a criminal offense.
The businessman was allegedly contacted by people sent by Bušek that demanded a "significant sum of money" for not using the CS Funds trial to criminalise Tykač.
[35] In March 2015 the police investigation ended after two and a half years with a recommendation for indictment submitted to the Chief Prosecutor's Office in Prague.
This false claim was published on December 29, 2015 in a CT Events program article titled "The final point behind the CS Funds case".
In 2015 the whole issue ended in an agreement when Kroužecký sold his shares to the company, that was now completely controlled by its majority shareholders František Štěpánek and Jaroslav Rokos.
[43] In 2013 weekly magazine Respekt published an information[44] about the alleged freezing of Tykač's assets of roughly 19 bil CZK by Swiss claimants.
This should have occurred due to the renewed prosecution in the case of stripped assets of CS Funds in the Czech Republic.
[51] This is a long-term partnership where a specific municipality identifies areas of interest in which the Sev.en Group companies will be financially involved.
Thanks to this support, the women's team from Most reached the top of the Czech league and regularly participates in European club competitions.
[53] Based on the cooperation agreement, Sev.en Group covers programmes or activities selected by individual entities within the Ústí nad Labem Region.
The so-called Ivana and Pavel Tykač Fellowship was created, which is a guarantee of a job that will cover the field for years to come.