Tue, Dec
55 New Articles

Allen & Overy Advises Czech Gas Networks Investments on EUR-Denominated Note Issuance and Placement

Allen & Overy Advises Czech Gas Networks Investments on EUR-Denominated Note Issuance and Placement

Czech Republic
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Allen & Overy has advised Czech Gas Networks Investments S.a r.l on its successful issuance and placement of EUR 500 million notes with investors on international capital markets.

The notes, rated BBB+ by both S&P and Fitch, were listed on the Global Exchange Market of the Irish Stock Exchange plc trading as Euronext Dublin. The transaction follows last year’s successful debut notes issuances by CGNI on the international debt capital markets (as reported by CEE Legal Matters on August 3, 2020).

CGNI, which is owned by a consortium of long-term infrastructure investors, holds 100% of the share capital of Czech Grid Holding, a.s., which in turn fully controls two core Czech businesses, operated by its subsidiaries: GasNet, s.r.o. (the main distributor of natural gas in the Czech Republic) and GasNet Sluzby, s.r.o.

Work on the transaction was managed by an A&O Prague team led by Partner Petr Vybiral and including Associate Jana Chwaszcz and Junior Lawyer Denisa Jonasova. London-based Partner Tim Conduit advised on English law aspects, and Luxembourg law aspects were handled by Partner Paul Peporte and Associate Ruslana Hrischeva.

Czech Republic Knowledge Partner

HAVEL & PARTNERS, attorneys-at-law, with offices in Prague, Brno, Bratislava, Pilsen, Olomouc, and Ostrava, has a team of 250 lawyers, tax advisors and 500 employees in total, is the largest independent law firm in Central Europe.

Our clients include large international companies, leading Czech and Slovak firms, including strategic state-owned companies and public sector authorities, as well as medium-size businesses, individual entrepreneurs, and investors. We advise approximately  150 of the Fortune 500 companies, almost 50 of the Czech Top 100 companies and 20 of the TOP 100 Slovak companies. HAVEL & PARTNERS currently provides its services to a total of 2,500 clients. We have the most comprehensive international support available to both Czech and Slovak law firms. We provide legal and tax advice in 12 languages in more than 110 countries around the globe. Up to 70 % of the transactions we deal with involve an international aspect.

HAVEL & PARTNERS was named the best law firm operating in the Czech Republic by the prestigious global rating agencies Chambers and Partners (2020, 2021) and Who’s Who Legal (2018, 2019). It is also the most successful law firm, providing the most comprehensive legal services in the Czech Republic and Slovakia, based on the total number of all nominations and awards in all years of the Law Firm of the Year awards. The firm became the absolute winner of this competition four times in the last six years, receiving the main award Domestic Law Firm of the Year in the Czech Republic (2015, 2017, 2018, 2020) and ranking as one of the most recommended law firms in all categories of law. Our company is also a four -time winner of the Law Firm of the Year award for Best Client Services (2015, 2016, 2019, 2020). In the field of M&A, HAVEL & PARTNERS is the best law firm in the Czech Republic based on the annual International Advisory Experts awards (2018, 2019). Prestigious international rating agencies EMIS DealWatch and Mergermarket have ranked HAVEL & PARTNERS among the leading law firms by the number of transactions completed in the Czech Republic since 2010. Based on annual awards of the Acquisition International magazine, HAVEL & PARTNERS has become the Law Firm of the Year 2019 in the M&A category in the CEE region.

Firm's website: https://www.havelpartners.cz/en/

Our Latest Issue