30.12.2008
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News
M&A
KSB represented OKD, a.s. on the sale of its subsidiary OKD, BASTRO, a.s.
Law firm Kocián Šolc Balaštík assisted OKD, a.s., the biggest Czech producer of black coal, on the sale of its subsidiary, OKD, BASTRO, a.s. The transaction was another step towards the realisation of OKD’s long-term plan to focus on its core business of coal extraction.
OKD, BASTRO, a.s. is an engineering company involved in the assembly and repair of mining equipment. The purchaser, Bucyrus DBT Europe GmbH, is a company involved in the design and production of surface and underground mining equipment.
KSB provided advice to OKD, a.s. within the framework of ongoing consultancy services provided to the New World Resources corporate group, to which the company belongs. The transaction was completed on 1 December 2008.
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