KSB assists unit trust in takeover of assets of joint stock company, the first transaction of this kind in Czech Republic
As a result of this transformation of the company pursuant to Act No. 125/2008, Coll., on Transformations of Commercial Companies and Cooperatives, the company’s assets passed to the assets of the unit trust as of 1 May 2009.
Unlike standard operations consisting of takeover of assets of a commercial company on the part of an investment fund, the takeover of assets into the assets of a unit trust has never been implemented before pursuant to available information and therefore this operation became the first transaction of this kind in the Czech Republic.
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