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Kocian Solc Balastik Advises Prazska Plynarenska Group on Intra-Group Restructuring

Kocian Solc Balastik Advises Prazska Plynarenska Group on Intra-Group Restructuring

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Kocian Solc Balastik has advised the Prazska Plynarenska group on its intra-group restructuring and the creation of a new holding structure.

According to the firm, the restructuring included, among others, the downstream merger of Prazska Plynarenska Holding A.S. and Prazska Plynarenska A.S.

Prazska Plynarenska is a publicly-owned Czech gas and electricity supplier with more than 425,000 customers in and around Prague.

Back in 2022, Kocian Solc Balastik advised Prazska Plynarenska on obtaining financing from banks and the Prague municipality to build up its gas reserves for the winter (as reported by CEE Legal Matters on July 28, 2022).

The KSB team was led by Partner Jan Lasak.