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Clifford Chance Advises Deutsche Telekom on T-Mobile Czech Republic Acquisition

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In the continuation of a story first reported on February 12, Clifford Chance has announced that it advised Deutsche Telekom on its acquisition of the remaining 39.23 percent stake of T-Mobile Czech Republic for a purchase price of EUR 0.8 billion.

The shares are currently owned by a consortium of investors led by funds managed or advised by private equity group Mid Europa Partners.

The deal will allow Deutsche Telekom to simplify the capital and governance structure of T-Mobile Czech Republic and provides financial benefits, such as the savings of annual dividend payments to minority shareholders and an increase in net profit. It also paves the way for Deutsche Telekom to transform itself into a pan-European operator.  Clifford Chance reports that the transaction is not subject to regulatory approvals.

The Clifford Chance team was led by Global Head of TMT and Corporate Partner Joachim Fleury in London with the assistance of Corporate Partner David Kolacek and Associates Janka Brezaniova and Martin Glajch in Prague and Counsel Line Poliquin in Amsterdam.