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PRK Partners Advises RWE on Sale of Gas Storage Business in Czech Republic

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PRK Partners has advised RWE on the sale of its subsidiary RWE Gas Storage CZ to the CEPS state-owned electric power transmission system operator. EY Law reportedly advised CEPS.

RWE is a German power producer.

According to PRK Partners, “Gas Storage CZ is the largest operator of gas storage facilities in the Czech Republic with six underground gas storage facilities with a total operating volume of more than 2.7 billion cubic meters.”

The PRK Partners team included Partners Martin Kriz, Radan Kubr, and Roman Pecenka, Associate Partner Jan Varecha, and Senior Associates Milan Sivy, Marian Baus, and Katerina Hajkova.

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