Advising on Squeeze-Out of O2 Czech Republic’s Minority Shareholders
KSB advised PPF on all major steps in the squeeze-out process, which involved the exit of one of the largest Czech listed companies from the public stock markets. The transaction was also unique because the decision-making of O2’s general meeting (with several thousand shareholders) took the form of per rollam voting as a result of the Covid pandemic restrictions.
The squeeze-out followed KSB’s long-standing advice on O2’s corporate affairs, including participation in the overall corporate restructuring of the telecommunications operator within the PPF Group, which also involved a spin-off (and subsequent squeeze-out) of the telecommunications network operator CETIN in 2015.
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KŠB Assisted with the Refinancing of the BigBoard Group, a leading player in the premium outdoor advertising market
Our team provided legal advice to BigBoard Praha, a leading player in the premium outdoor advertising market in the Czech Republic, in connection with its refinancing. Founded in 1993, the BigBoard Group is the largest provider of premium outdoor advertising in the Czech Republic, with an approximately 70% market share and annual turnover of around CZK 2 billion. Its advertising media cover key locations across the country, including the Prague metro and major transport hubs.
KŠB Assisted Sandberg Capital with a Majority Investment in HotelTime Solutions
The KŠB team provided legal advice to the investment group Sandberg Capital on the completion of a majority investment in HotelTime Solutions, one of the leading providers of cloud-based software for hotel operations management.
KŠB assisted Seyfor with the extension of its financing provided by Raiffeisenbank, Tatra banka and, newly, Slovenská sporiteľňa.
The KŠB team provided legal advice to its long-standing client Seyfor in connection with the continuation and expansion of its syndicated financing. The existing lending banks, Raiffeisenbank Czech Republic and Tatra banka, decided to continue supporting Seyfor’s growth, with Slovenská sporiteľňa joining the financing as a new lender.
