Kinstellar has advised Veolia Energie International on the acquisition of Slovintegra Energy from local investment group Slovintegra. Havel & Partners reportedly advised Slovintegra on the sale.
The acquisition included a purchase of a combined-cycle natural gas-fired power plant in Levice in southern Slovakia and the provision of balancing and ancillary services, and the operation of its own feeder pipe to the Eustream gas pipeline. The transaction was finalized in February 2019 following the approval of the Slovak Antimonopoly Office.
Veolia Energie International has been operating in Slovakia since 1992. The company’s main activities are production and distribution of heat and hot water, provision of services to industrial clients, design of energy solutions, and building management.
Established in 1995, Slovintegra focuses investing activities in new technologies, energy, and finance.
The Kinstellar team in Bratislava consisted of Partner Viliam Mysicka and Associate Vladimir Simkovic.
Editor's Note: After this article was published, Havel & Partners confirmed its involvements in the deal. Its team consisted of Partner Vaclav Audes and Senior Associate Tomas Navratil.