Glatzova & Co. has advised Preciosa, a member of the Jablonec group, on the sale of a 50% share in glass stopper producer Vinolok to Corticeira Amorim.
Glatzova & Co describes Preciosa as “one of the world’s leading glass manufacturers and … the largest glass company in the Czech Republic.” According to the firm, “since 2011 it has been licensed to produce and sell glass stoppers for wines and spirits.”
The Glatzova & Co. team was led by Partner Jindrich Kral.
BPV Braun Partners has advised Germany’s Antaris group on the sale of two photovoltaic power plants with a total installed capacity of 4.2 MW to a German investment group. The purchase price was not disclosed.
BPV Braun Partners describes the Antaris group as “not just one of the leading providers of cutting-edge photovoltaic technologies in Germany and Europe, [but] also a wholesaler and operator of its own solar power systems in Europe.”
Also, according to bpv Braun Partners, “although the transaction started in mid-2018, the exhaustive due diligence on the buyer and subsequent negotiations on the conditions for the sale meant that the transaction only closed this week.”
The firm’s team was led by Partner Marc Muller, supported by attorney Michal Fogel.
BPV Braun Partners has advised Immofinanz on its acquisition of the Palmovka Open Park office complex in Prague from Metrostav Development for approximately EUR 76.4 million. Havel Partners advised Metrostav Development on the sale.
The transaction closed on July 8, 2019.
This office location consists of three buildings with 25,800 square meters of rentable space.
The BPV team was led by Partner Miroslav Dudek and included Attorney Pavlina Tejralova.
The Havel Partners team consisted of Partner Lukas Syrovy and Senior Associate Albert Tatra.
Clifford Chance has advised CBRE Global Investors on its EUR 55 million acquisition of the Praga Studios complex in Prague’s Karlin district from Skanska.
Praga Studios offers a total leasable area of around 12,000 square meters and is fully leased by Edwards Lifesciences and other tenants including a co-working operator and IT companies. According to Clifford Chance, “the building contributes to the local community with a publicly accessible lobby designed to host concerts, theaters or art exhibitions, and with a community garden that offers a place for gardening and relaxation to the neighbourhood.”
The building was completed in the second quarter of 2019.
Clifford Chance has advised CBRE Global Investors on a number of deals over the years, including on the sale of Warsaw office buildings (as reported by CEE Legal Matters on February 17, 2017), the sale of a CEE retail portfolio to CPI Property Group (as reported on January 18, 2017), and the sale of the Wars Sawa shopping center (as reported on September 5, 2018).
The Clifford Chance team on the Praga Studios deal was led by Partner Emil Holub and included Senior Associate Aneta Disman and Junior Lawyer Matej Kucera.
Clifford Chance did not reply to our inquiries about the deal.
The Prague office of Dentons has advised Wood & Company on its acquisition of Centrum Krakov, a shopping center located in Prague, from Syner Group and private investors Petr Syrovatko and Karel Zetka. Clifford Chance reportedly advised the sellers.
Opened in 2013, the Krakov shopping center offers approximately 15,000 square meters of retail space on three aboveground floors. It currently has 70 units and is almost 100% rented. The building also has 300 parking spaces including charging stations for electric vehicles.
The Dentons team was led by Partner Jiri Strzinek and included Partner Marketa Tvrda and Associates Jan Hrivnak, Veronika Kupcikova, and Bohuslav Hrdy.
Editor’s Note: After this article was published Kinstellar announced that it had advised Ceska Sporitelna on the financing for the acquisition of Centrum Krakov. The firm’s team was led by Managing Associate Leo Javorek.
White & Case has advised EP Infrastructure, a.s. on the issuance of its EUR 600 million 1.698% notes due 2026 and their admission to trading on the Global Exchange Market of the Irish Stock Exchange, trading as Euronext Dublin. Joint book-runners Citigroup, HSBC, ICBC Standard Bank, Societe Generale Corporate and Investment Banking, and UniCredit Bank were reportedly advised by Clifford Chance.
The EP Infrastructure, a.s. group is a European energy infrastructure utility focused on gas transmission, gas and power distribution, heat and power generation, and gas storage, with principal operations in the Czech Republic and Slovakia.
The transaction follows the April 2018 debut international offering of EUR 750 million 1.659% notes due 2024, which were listed on the Main Securities Market of Euronext Dublin.
The White & Case team was led by Prague-based Local Partner Petr Hudec and included Associates Erik Illmann and Jan Vacula. The London team consisted of Partner Stuart Matty and Associate Neha Saran.
BPV Braun Partners has advised CEMOS, a.s. on the sale of shares in the Czech Republic’s Unesovsky Statek agricultural company and the transfer of extensive agricultural land to an unnamed buyer. Financial details were not disclosed.
According to bpv Braun Partners, “the work mainly involved preparing and negotiating the framework share transfer agreement, preparing all purchase agreements for the plots of land, negotiating with the seller’s bank, reviewing the escrow agreements, and advising on corporate law and competition law.” The firm’s team was led by Partner Jiri Barta and Head Attorney Pavel Vintr, supported by Attorney Marketa Nesetrilova and Junior Associate Evelina Weagova.
BPV Braun Partners informed CEE Legal Matters that it was unable to identify the buyers or buyers’ counsel.
Baker McKenzie has advised Luxembourg-based Moulins de Kleinbettingen on the sale of its entire share in United Bakeries to Penam, a subsidiary of Agrofert Holding. Financial details were not disclosed.
United Bakeries is a bakery group in the Czech Republic with more than 1,000 employees working in 13 bakeries in various parts of the country. In 2018, the company reported sales of CZK 2.2 billion.
Baker McKenzie’s Prague-based team included Partner Libor Basl, Senior Associate Lukas Hron, and Associates Dusan Hlavaty and Slavomir Slavik.
Glatzova & Co has helped Electo obtain the authorization of the Czech National Bank to operate as an investment intermediary.
According to Glatzova & Co, this makes Electo the first investment intermediary to be authorized in the Czech Republic under the new MIFID II regulatory framework.
The Glatzova & Co team was led by Partner Libor Nemec.
BBH has successfully helped Moventum, a member of a Luxembourg-based fund distribution group, obtain authorization to operate as an investment firm.
According to BBH this is “the first such license granted under the highly-demanding regime established under the MiFID II directive in the Czech Republic.”
The BBH team included Partner Tomas Sedlacek, Senior Associate Zdenek Hustak, and Associates Jan Kadrnozka and Martin Prochazka.