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lenic Football Prognostics Organization S.A. („OPAP“). Vršanská uhelná a.s. on the negotiation of a 50-year coal supply contract with ČEZ with the potential future acquisition of ČEZ‘s Počerady power plant with the installed capacity of 1000 MWe, based on two put options. Mitsui & Co., Ltd. on a joint venture with Spanish water group Gestión Integral del Agua, S.A (“Aqualia”) involving the acquisition of a 49% equity stake in Aqualia Czech, S.L. which holds Severomoravkse Vodovody a Kanalizace (SmVaK), a Czech water company that operates a network of 80 water management plants in the region of north Moravia and Silesia.
ness of Petainer Group with its subsidiaries in Sweden, United Kingdom, Germany and the Czech Republic. The deal combined Islamic, English and Czech law financial products and corresponding intercreditor arrangements between all kinds of creditors and related instruments. UniCredit Bank AG on a EUR 5 billion covered bond programme established by its subsidiary UniCredit Bank Czech Republic and Slovakia as well as on the first issue of a EUR 800,000,000 covered bond under our agreement. Citigroup Global Markets Limited on a Reg S Eurobond issued by Západoslovenská energe tika, a.s. (ZSE), the largest electricity distributor in the Slovak Republic.
Real estate practice
Since its establishment almost 2 decades ago, our finance practice in Prague has built up an excellent reputation in the Czech market with its dedicated team focusing on the full range of banking, finance and capital markets transactions. The experience of our professionals extends to all forms of (syndicated and single bank) cross-border and domestic banking transactions in the Czech Republic and Slovakia.
The real estate department of the Prague office of Clifford Chance was established in 1997 and today its team of specialists headed by Emil Holub is one of the most well-established and specialised real estate practices. Our specialists advise on the most significant transactions on the Czech and international market and thus have wide experience in all aspects of real estate law, including tax advisory services. Our real estate practice group has many years of experience and extensive resources at its disposal to handle multi-layered deals, including acquisition and sale and the preparation of complex documentation. Thanks to the global Clifford Chance network, our real estate practice has gained exceptionally broad experience and has been involved in a number of extraordinary and innovative transactions on the Czech and international real estate market.
The synergy between our insolvency and finance teams has also allowed us on the restructuring of existing distressed financings.
Recent client assignments include advising: Komerční
banka, a.s., Ceskoslovenská obchodní banka, a.s. and Česká spořitelna, a.s. on the CZK 10.6 billion refinancing and development facility relating to an over CZK 15 billion acquisition of 58 logistics buildings in the Czech Republic by PointPark Properties from VGP/Tristan Capital Partners. UniCredit Bank Czech Republic and Slovakia, a.s. and Československá obchodní banka, a.s. in conneciton with up to EUR 80 million financing provided to AVE CZ odpadové hospodářství s.r.o., AVE Sběrné suroviny a.s. and AVE SK odpadové hospodárstvo s.r.o. Česká spořitelna, a.s. in connection with EUR 40 million refinancing of the existing indebted-
Recent client assignments include advising: Aberdeen
Asset Management Deutschland AG (three open-ended German funds) on the monumental sale of „The Park“, the pre-eminent office park in Prague, to an affiliate of Starwood Capital Group for an undisclosed sum. This particularly sophisticated transaction involved acting on behalf of three German open ended funds selling a complex of 12 buildings vested in 5 limited liability and 4 limited partnerships.