23.11.2007
News
Corporate law

KSB assists OKD in spin off of assets

Law firm Kocián Šolc Balaštík assisted OKD in a further step toward its restructuring, consisting of spinning off part of OKD’s assets into a newly established company, as part of KSB’s continuing provision of consultancy to OKD and the RPG Group, to which OKD belongs. The spin-off took effect on 31 October 2007.

OKD is a single producer of black coal in the Czech Republic that finds,deposits, adjusts, refines and sells black coal with low contents of sulphur orother traces. The company is one of the biggest Czech private employers.

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