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.