March 2026 – Kinstellar has successfully advised Czechoslovak Group (CSG), one of Europe’s largest defence industry groups, in connection with its indirect minority acquisition in RÁBA Járműipari Holding (RÁBA), a company listed on the Budapest Stock Exchange and majority-owned by 4iG Space and Defence Technologies (4iG S&D).
Through the transaction CSG has obtained a shareholding of approximately 37% in RÁBA, with 4iG S&D retaining control. The investment is part of a broader strategic cooperation framework between RÁBA, Tatra Trucks, and CSG Defence, focused on long-term industrial collaboration, including manufacturing and integration activities. The matter involved above-average complexity due to RÁBA’s status as a publicly listed company and the regulatory implications of an indirect acquisition in a regulated, high-scrutiny sector.
The Kinstellar team was led by Ákos Nagy (Partner), Áron Barta (Managing Associate) and Alexandra Cseri (Associate), supported by Gábor Gelencsér (Partner), László Palócz (Counsel), Gergely Simon Lipták and Fanni Oroszi (Senior Associates), Barnabás Hábel and Gergely Ficsor (Junior Associates).