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Eversheds Sutherland Represents Itaka in Settlement with Cedok’s Minority Shareholders

Eversheds Sutherland Represents Itaka in Settlement with Cedok’s Minority Shareholders

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Eversheds Sutherland has represented Itaka in the settlement proceedings with the minority shareholders of Czech travel agency Cedok.

According to Eversheds Sutherland, the “former minority shareholders of Cedok have settled with the Polish business Itaka on a final price for their exit from the Czech travel agency's ownership structure after years of litigation. The Polish owner of Cedok will pay significantly less than the minority shareholders originally demanded the purchase of their minority shares.”

According to the firm, the court-approved settlement deal indicated that “Itaka will pay only roughly CZK 40 per share, as opposed to CZK 570.”

Eversheds Sutherland’s team included Prague-based Co-Managing Partner Borivoj Libal and Attorney Marek Poloni.

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