On September 2, 2024, A&O Shearman announced that Macquarie Asset Management's sale of GasNet to CEZ (reported by CEE Legal Matters on April 2, 2024) has now closed.
As previously reported, A&O Shearman advised Macquarie Asset Management on the disposal of its 55.21% indirect interest in GasNet and GasNet Sluzby, at a total enterprise value of approximately EUR 4 billion. Skils advised CEZ on the acquisition.
According to A&O Shearman, GasNet is the Czech Republic’s largest gas distribution network. GasNet Sluzby is GasNet's associated network maintenance and operations business.
"The regulated gas distribution network transports energy to 2.3 million connection points via 65,000 kilometers of pipelines that cover 80% of the country," A&O Shearman reported.
The Allen & Overy team included Prague-based Partner Jan Skuhravy, Senior Associates Cathy Gilmartin, Jana Chwaszcz, and Ivana Halamova Dobiskova, and Associates Martin Vykopal and Denisa Jonasova, along with further team members in London and Luxembourg.
The Skils team included Managing Partner Karel Muzikar, Partners Roman Janecek, Jiri Kindl, and Pavel Grim, and Senior Associates Ivo Trojan and Martin Pastor.
