Veolia Acquires Additional Stake in Veolia Energie CR From CEZ
Deal News | Apr 07, 2025 | CEE Legal Matters
In a strategic transaction designed to bolster its command over the Czech energy sector, Veolia has acquired an additional 15% stake in Veolia Energie CR from CEZ, thereby elevating its ownership to over 98%. This transaction aligns with Veolia's strategic GreenUp initiative, which prioritizes environmental sustainability by transitioning towards cleaner and more localized energy solutions. Legal expertise for this acquisition was rendered by Kinstellar, whose team comprised Partner Kamil Blazek, Counsel Michal Forytek, Managing Associate Matej Vecera, and Junior Associates Antonin Seidel and Lucie Kunclova. Meanwhile, CEZ sought counsel from the legal firm Skils, underscoring the collaborative nature of this acquisition. The acquisition signifies a continued alliance between Veolia and CEZ, marking a pivotal step in enhancing Veolia's existing operations within the area and reinforcing its long-term collaboration goals with CEZ.
Sectors
- Energy
- Legal Services
Geography
- Czech Republic – The target company, Veolia Energie CR, operates in this geographic region, highlighting the importance of location in this acquisition.
Industry
- Energy – The acquisition involves Veolia Energie CR, a company operating in the energy sector, which underscores the industry's relevance to the transaction.
- Legal Services – Kinstellar and Skils provided legal advisory services for this transaction, indicating the involvement of the legal services industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Veolia | Acquirer | Company | Veolia is a multinational company focused on water, waste, and energy management solutions. It is acquiring an additional stake in Veolia Energie CR. |
| Veolia Energie CR | Target Company | Company | Veolia Energie CR is a subsidiary of Veolia Group, operating in the energy sector within the Czech Republic. |
| CEZ | Seller | Company | CEZ is a leading energy conglomerate in Central and Eastern Europe, selling part of its stake in Veolia Energie CR as part of this transaction. |
| Kinstellar | Legal Advisor to Veolia | Company | Kinstellar is a full-service law firm advising on the acquisition transaction for Veolia. |
| Skils | Legal Advisor to CEZ | Company | Skils is a law firm that provided legal advice to CEZ during this transaction. |
| Kamil Blazek | Partner | Person | Partner at Kinstellar, involved in the advisory team for Veolia. |
| Michal Forytek | Counsel | Person | Counsel at Kinstellar, part of the team advising Veolia. |
| Matej Vecera | Managing Associate | Person | Managing Associate at Kinstellar, contributing to the legal advisory service for Veolia. |
| Antonin Seidel | Junior Associate | Person | Junior Associate at Kinstellar. |
| Lucie Kunclova | Junior Associate | Person | Junior Associate at Kinstellar. |