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Weinhold Legal Advises PORR on Acquisition of Alpine Bau

Weinhold Legal Advises PORR on Acquisition of Alpine Bau

Czech Republic
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Weinhold Legal has advised Austrian building contractor PORR on its acquisition of all shares in Alpine Bau CZ from PSJ Holding. The seller reportedly was represented by KSD Legal.

The Czech-Slovak Alpine Bau group is active in the building and construction sector, with sales last year of approximately CZK 2.5 billion (approximately EUR 97 million). The company employs around 450 employees.

According to Weinhold Legal, “this transaction was reported by the media as probably the largest acquisition in the Czech construction market over the last ten years.”

In its own press release, PORR announced that the value of the transaction was about EUR 12 million, subject to adjustments based on closing accounts.

Karl-Heinz Strauss, CEO of PORR, emphasized the importance of the takeover: “Alpine Bau CZ a.s. has an excellent reputation and represents for more than 25 years the highest quality, reliability, and technical advancement. With this acquisition, we will strengthen our market position in the Czech Republic and will gain important strategic advantages, in particular in the area of road-works.”

Weinhold's team was led by Partner Ondrej Havranek, supported by Managing Attorney-at-Law Dalibor Simecek.

KSD Legal did not reply to our inquiries on the matter

 

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JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

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