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.