Kinstellar has advised the Slovak branch of French energy giant Veolia Energie International on its acquisition of PPC Investments, which owns and operates a combined cycle natural gas-fired power plant near Bratislava, from Czech investment fund Avant Energy. Avant Energy was advised by RR Legal on the transaction, which was finalized in July 2018 following the approval of the Slovak Antimonopoly Office.
According to Kinstellar, PPC Investments has operated a combined-cycle heat and power station in Bratislava since 1998 and is currently among the lead producers of power and heat in Slovakia, and Avant Energy received several offers from local and international investment groups before agreeing on terms with Veolia. Kinstellar reports that "the addition of PPC Investments’ gas-fired power plant to Veolia’s portfolio will contribute to the French company’s goals of producing clean energy for sustainable growth."
The Kinstellar team in Bratislava consisted of Partners Adam Hodon and Viliam Mysicka and Associates Vladimir Simkovic and Boris Stancl, among others.