KSB Advises on Sale of FK Teplice
AGC Glass Europe (formerly Glaverbel and Glavunion) produces flat glass for the construction industry (external glazing and interior decoration), the automotive industry (new and replacement car glass), solar power applications and specialised industries. It has been the owner of FK Teplice, as well as our client, for over 30 years. Cooperation between AGC and the club does not end with this move, however, as a close partnership is still planned in the field of social responsibility and the development of the youth academy.
The buyer is a company from the Accolade Group, which operates in the industrial realestate market, focusing on investment, development and leasing of space for companies in the e-commerce, manufacturing and logistics sectors. For Accolade, the purchase is a strategic decision, as it intends to strengthen its presence in Teplice in the long term and take part in helping the entire region grow.
Our assistance during the lengthy negotiation of the transaction included negotiating the acquisition agreement and related documentation, as well as helping to resolve issues discovered during the due diligence.
For more information, see here, here or here.
Other articles
KŠB "Scores" Major Infrastructure Win: The New Ball Sports Centre in České Budějovice
KŠB has advised on the execution of a construction contract for the Ball Sports Centre in České Budějovice, a major public infrastructure project set to become a new landmark for sport and community life in the region.
Suburbanization Trends and Sustainable Commuting: Will the Construction Act Amendment Change the Landscape?
The discussion surrounding the current proposal to amend the Construction Act (Parliamentary Print 67) has moved to the committee stage in the Chamber of Deputies following its first reading. The primary declared objective is the acceleration of construction, particularly regarding residential buildings. The shortage of affordable housing remains a pressing issue in major cities, both in the Czech Republic and abroad, giving rise to the pervasive trend of suburbanization. This raises the question: does the proposed amendment truly have the ambition to reverse this trend, and will an increase in housing construction alone suffice?
Success for KŠB’s Litigation Team
KŠB’s litigation team, led by Pavel Dejl and Hana Dejlová, has achieved a significant victory for a long-standing client in a dispute with the Czech Ministry of Justice concerning excessively lengthy court proceedings.
