Havel & Partners has advised Prazska Teplarenska on the spin-off of its assets into five successor companies.
According to Havel & Partners, “the value of assets spun off from Prazska Teplarenska amounts to billions of Czech crowns.”
Prazska Teplarenska, founded in 1992, “ensures the energy supply to more than 230,000 households and thus covers 25% of the thermal energy market in Prague and its vicinity,” according to Havel & Partners. It is a subsidiary of Energeticky a Prumyslovy Holding, which was founded in 2009, and which “associates more than 70 companies and is the largest heat supplier in the Czech Republic, the largest electricity producer and the second-largest electricity distributor and supplier in Slovakia, and the second-largest brown coal producer in Germany.”
Havel & Partners’ team included Partners Jaroslav Havel, Ondrej Florian, and Lukas Syrovy, Counsel Josef Zaloudek, and Associates Sona Karbanova Schweizer and Adam Karban.