Legal advice during the sale of the engineering and metallurgical firm Žďas to the Chinese company CEFC

Havel, Holásek & Partners provided comprehensive legal advice to the Slovak company Železiarne Podbrezová during the sale of 100% of the share of the engineering and metallurgical firm Žďas and its subsidiaries TS Plzeň and ZDAS SGS GmbH. The new owner of the firm is the Chinese company CEFC. The transaction, whose value both parties decided not to disclose, was approved by the Competition Office. The joint-stock company Žďas was a leading Czech producer in the heavy manufacturing industry.

“The heavy manufacturing industry is one of our key transaction specialisations. In addition, this is the second large acquisition this year by Chinese investors in which we represented the Czech or Slovak sellers. In the recent past, we advised the Czech Industry Group during a merger with the Chinese investor Shijiazhuang Zhongxing Machinery regarding the construction of a new plant for the production of wheel disks for automobiles,” explains Václav Audes, one of the office’s partners providing advice for mergers and acquisitions.

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