Allen & Overy, working with Cyril Amarchand Mangaldas, has advised Zetor Tractors and its HTC Investments parent company on their agreement with Indian tractor and power tiller producer VST Tillers Tractors Limited for the establishment of a joint venture in India.
According to the firm, "the joint venture, VST Zetor Pvt. Ltd., will be incorporated in India and will operate in the Indian market, offering a range of tractors and other agricultural equipment under the VST Zetor brand. The joint venture aims to leverage the complementary strengths of Zetor and VST, combining Zetor’s technological expertise and quality standards with VST’s local market knowledge and distribution network."
Zetor Tractors is a Czech agricultural machinery manufacturer with more than 75 years of history in the production and development of tractors and agricultural machinery. HTC Investments is Zetor's Slovak parent company.
The A&O team included Partner Prokop Verner, Counsel Ivan Telecky, and Associate Martin Vykopal.
Allen & Overy did not respond to our inquiry on the matter.