ODI has advised the Czech Republic’s Ministry of Finance and its two state-owned subsidiaries IMOB and PRISKO on the cross-border sale of the majority stake in Vipap Videm Krsko, a large Slovenian paper mill and newsprint manufacturer, to Czech-based Ridg Holding.
The transaction was preceded by a lengthy and complex restructuring of VIPAP, involving the sale of claims against the company by other financial creditors, including the two largest Slovenian banks (NLB and NKBM) and TCK, to RIDG. ODI’s work encompassed due diligence of the financial claims against VIPAP, drafting the transactional documentation, and providing assistance with signing and closing.
The ODI team was led by Partner Suzana Boncina Jamsek.
ODI did not reply to our inquiry on the matter.