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ODI Advises Czech Ministry of Finance on Sale of Majority Stake in Slovenian Paper Mill

ODI Advises Czech Ministry of Finance on Sale of Majority Stake in Slovenian Paper Mill

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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.

Czech Republic Knowledge Partner

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

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