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KSB Advises Prazska Plynarenska on Financing for Gas Reserves

KSB Advises Prazska Plynarenska on Financing for Gas Reserves

Czech Republic
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Kocian Solc Balastik has advised Prazska Plynarenska on obtaining financing from banks and the Prague municipality to build up its gas reserves for the winter.

According to KSB, "a loan of up to CZK 2 billion is to be provided by the City of Prague and a loan of up to CZK 4 billion is to be provided by financing banks." The financing will be used for "purchasing and ensuring gas to fill storage facilities for the next heating season," the firm informed.

Prazska Plynarenska is a Czech publicly-owned gas and electricity supplier to more than 425,000 collection points.

The KSB team included Partners Sylvie Sobolova, Martin Krejci, and Jan Lasak, Counsel Ivo Prusa, and Lawyers Tomas Zach and Josef Kriz.

Kocian Solc Balastik at a Glance

Kocian Solc Balastik (KSB) is one of the few Czech law firms who have been on the market for over 30 years and is still independent. With a team of almost seventy legal and tax specialists operating in Prague, Karlovy Vary and Ostrava, KSB is one of the largest law firms in the Czech Republic.

Thanks to the ratings of clients and our competitors, we are a highly respected and acknowledged law firm, as evidenced by a number of prestigious awards, especially the four-time Chambers Europe Award for Excellence for the best law firm in the Czech Republic, often we have been the only purely Czech law firm among the nominees.

Our priority is to provide added value to clients. Therefore, we know the specifics of their business and adapt the proposed solutions to the client’s context, with great emphasis on professional ethics and building long-term relationships based on mutual trust and respect.

Firm website.

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