Glatzova & Co has advised the KBC Bank on its acquisition of a 50% stake in ESG scoring and reporting start-up Digital & Legal.
According to the firm, “in addition to the initial investment, the transaction also included the setting of conditions for long-term cooperation within the framework of a joint venture and the possible purchase of the remaining stake by the KBC Bank.”
According to Glatzova & Co, “Belgian KBC Bank, whose group includes, among others, Ceskoslovenska Obchodni Banka, joined Digital & Legal dealing primarily with ESG scoring, carbon footprint measurement, and related reporting using artificial intelligence. Behind the young company are its founders Jan Zverina and Karel Kotoun, who will cooperate with the KBC group in the framework of a joint venture on the further development of ESG products and their provision not only to KBC clients.”
The Glatzova & Co team included Partner Jan Vesely and Attorney Jan Perinka.