September 2020 – Kinstellar's Bratislava office has recently advised E.ON, one of the world's largest investor-owned electric utility service providers, on its acquisition of a 49% stake in electric utility Východoslovenská energetika Holding ("VSE") from German electric utilities provider RWE.
The transaction included negotiations with the Slovak state, which owns the remaining 51% of VSE, including negotiations on the non-use of its pre-emption right. The value of the transaction has not been disclosed, but E.ON has agreed to pay the Slovak state EUR 35 million for its non-use of the pre-emption right.
The deal—one of the largest transactions in Slovakia this year—is among the largest energy transactions in Slovak history. Based in the city of Koaice, VSE provides electricity to approximately 500,000 customers in the Koaice and Preaov regions in eastern Slovakia.
The Kinstellar team in Bratislava consisted of Viliam Myaička (Partner), Adam Hodoň (Partner), Roman Oleksik (Partner), Michal Hruaovský (Senior Associate), Lukáa Mrázik (Associate), Lívia Miklenčičová (Junior Associate), Matúa Kočíaek (Junior Associate), and others.