17.1.2008
News
Corporate law

KSB represented PPF Group N.V. in establishment of European Company HC SE by merger

Kocián Šolc Balaštík (KSB) provided PPF Group N.V. with legal services in Czech and EU law in regard to establishment of European Company HC SE. The procedure involved merger of Home Credit Grand Holding a.s. and HC Holding a.s. into Dutch entity HCES N.V. which changed its legal form into HC SE as a result of the merger. The transaction included resolution of employee involvement issues in the merging companies and subsidiaries in the Czech Republic, Netherlands and Slovakia.

Out of the few transactions occurring in the Czech Republic since the EC Regulation on the European Company (Societas Europaea, SE) took effect, this is already the third establishment of a European Company by a cross-border merger for which KSB has provided its legal services. The first and simultaneously pilot project of this type in the Czech Republic was the assistance provided to the RPG Group during establishment of the European Company RPG Industries SE. The second case was a cross-border merger with the participation of a significant Czech company doing business in various industrial branches and the financial sector. Expressed financially, in all three cross-border mergers assisted by KSB, the values of the merging companies amounted to tens of billions of Czech crowns, whereby they rank among the most significant cross-border mergers not only in the Czech Republic but also in all of Europe.

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