PRK Partners has advised Veolia Energie CR (formerly Dalkia Ceska Republika, part of the Veolia Environment group) on its acquisition of Prazska Teplarenska LPZ a.s., a Prazska Teplarenska subsidiary operating, in particular, local heat supply networks on the left bank of the Vltava River in Prague. The sale price was reported to be EUR 71.3 million.
According to PRK Partners, "we have been supporting the client from the very beginning of the transaction; this included analyzing possible transaction structures, repeated due diligence, drafting and negotiating transaction documentation, and providing competition law advice."
The Czech Office for the Protection of Competition announced the approval of the transaction on June 1, 2016.
