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KŠB Advised Tiger Global Management on the Sale of a Minority Stake in Seznam.cz

KŠB advised New York-based Tiger Global Management group on a minority stake transfer deal in which the target company Seznam.cz, a leading Czech online player, acquired shares in itself from Tiger Holding Four and Mirua International.

KŠB’s advice focused on Czech corporate and contract law issues, including pledge aspects. The challenge was to harmonize the interests of both minority shareholders and meet a very tight deadline.

Tiger Holding Four and Mirua International have held a 30% stake in Seznam.cz since 2007. Seznam.cz, whose online website bears the same name, will thus cease to have a minority shareholder after 15 years. Founder Ivo Lukačovič is now the only beneficial owner of the company. Seznam.cz, which is the most visited Czech website, is famous for its innovative approach and ability to compete with major worldwide browsers.

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