KSB assists OKD in combined spin-off

The transaction included transfer of real estate not used for OKD’s major business to two existing companies, RPG RE Property, a.s. and Dukla Industrial Zone, a.s., and shareholdings in OKD, Rekultivace, a.s. and Garáže Ostrava, a.s. to two newly founded companies, RPG Rekultivace, a.s. and RPG Garáže, a.s.

OKD, as the only Czech black coal producer, is engaged in prospecting, mining, refining and selling low-sulphur black coal and is one of the largest domestic employers.