KSB Assists OKD, a.s. in Spin-Off of Energy-Related Assets13/02/09 / News
Kocián Šolc Balaštík advised OKD, a.s. in connection with the spin-off of OKD’s CZK 2.8 billion worth of energy-related assets to its sister company NWR Energy, a.s.
KSB’s involvement in the transaction included the simultaneous negotiation of long-term energy and service supply agreements as well as agreements on further cooperation between both companies.
The spin-off is the result of OKD’s long-term plan of concentrating on its core business – coal mining. OKD is the largest black coal miner in the Czech Republic.