AGC Glass Europe Sells FK Teplice to Accolade Group
Deal News | Apr 15, 2025 | CEE Legal Matters
In a significant business transaction in the sports and glass industries, AGC Glass Europe has sold its football club FK Teplice to a company from the Accolade Group. This marks the end of over 30 years of ownership by AGC Glass, a renowned producer of flat glass for various sectors, although it will continue its association with the club through social responsibility and youth development programs. Legal advisement for AGC Glass Europe was provided by Kocian Solc Balastik, with Havel & Partners advising the Accolade Group in the acquisition.
Sectors
- Glass Manufacturing
- Sports Management
- Legal Advisory
Geography
- Czech Republic – FK Teplice is a Czech football team, and the legal advisory firms involved are based in this region.
- Europe – AGC Glass Europe and Accolade Group operate broadly across Europe, implying a European context in the transaction.
Industry
- Glass Manufacturing – AGC Glass Europe is involved in the production of flat glass, relevant due to its sale of FK Teplice.
- Sports Management – Involves the management and ownership of sports teams, as AGC Glass sold FK Teplice, a football team.
- Legal Advisory – Legal services were prominently involved in the transaction, with KSB and Havel & Partners advising the parties.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AGC Glass Europe | Vendor | Company | A producer of flat glass involved in selling its football team, FK Teplice. |
| FK Teplice | Target Company | Company | A premier league football team sold by AGC Glass Europe. |
| Accolade Group | Buyer | Company | The company that acquired FK Teplice from AGC Glass Europe. |
| Kocian Solc Balastik (KSB) | Legal Advisor for AGC | Company | Advised AGC Glass Europe on the sale. |
| Havel & Partners | Legal Advisor for Accolade | Company | Advised the Accolade Group on the acquisition. |