Clifford Chance has advised P & O Netherlands B.V. on the EUR 21.5 million sale of its 50% stake in the Technologicky Park Brno business center to the city of Brno. As a result of the deal, the city, which was advised by Hladky Legal and the Kroupahelan Law Firm, became the majority owner of the park.
Technologicky Park Brno leases 60,000 square meters of office space to innovative companies and research institutions in Brno. According to Clifford Chance, “Brno owns[ed] half of its shares from the beginning, the other half belonged to the Dubai-based P&O company, [and] one share is held by the University of Technology in Brno.”
Clifford Chance's team was led by Partner Emil Holub and included Senior Associate Aneta Disman and Junior Lawyer Ondrej Dolensky.
Hladky Legal's team included Partners Lucie Hladka and Jan Hladky, Senior Associate Nikola Chalupska, and Junior Associate Pavla Stojaspalova.
The Kroupahelan Law Firm's team included Managing Partner Jiri Helan and Attorneys Matus Svanda and Maros Sovak.