BPV Braun Partners, working with Watson Farley & Williams, has advised Creditas company UCED on the acquisition of GGE.
The parties did not disclose any financial details of the transaction.
The Prague-based Creditas Group has been active in the energy sector since 2013 and is owned by Pavel Hubacek. Its energy division, UCED, is an energy distributor in the Czech Republic. In addition to energy distribution, it focuses on electricity and heat generation. GGE is a Slovak energy group with a 213-megawatt heat network and an electricity network with more than 70 megawatts.
Previously, in 2023, Bpv Braun Partners advised UCED on its investment in the Prostejov power plant (as reported by CEE Legal Matters on May 18, 2023) and has also advised Creditas on the acquisition of British energy group InterGen (as reported by CEE Legal Matters on January 30, 2023).
The BPV Braun Partners team included Partners David Vosol, Igor Augustinic, Ondrej Ponistiak, and Pavel Vintr, and Senior Associates Ivana Horakova, David Plevka, Juraj Gazda, Zuzana Dzilska, and Monika Kardosova.
BPV Braun Partners did not respond to our inquiry on the matter.
