March 2025 – Kinstellar has successfully advised Veolia on the acquisition of an additional 15% stake in Veolia Energie ČR from ČEZ, increasing its shareholding to more than 98%. This transaction marks a significant milestone in Veolia's long-term collaboration with ČEZ and further strengthens its position in the Czech energy market.
Kinstellar provided comprehensive legal support throughout the transaction, including due diligence, negotiation of transaction documents, and regulatory aspects. The deal aligns with Veolia's GreenUp strategy, focusing on the transition to cleaner, local, and decarbonised energy sources.
The Kinstellar team was led by Kamil Bla~ek (Partner) and included Michal Forýtek (Counsel), Matěj Večeřa (Managing Associate), Antonín Seidel and Lucie Kunclová (Junior Associates).
Skils acted as legal counsel to ČEZ, with a team led by Karel Dřevínek (Partner) and including Martin Pástor (Associate).