Law GovLaw Gov

    Subscribe to Updates

    Get the latest legal news from from all around the world directly to your inbox.

    What's Hot

    KSB Advises YCM on Acquisition of Stake in Trimill

    August 8, 2022

    Liberis’ General Counsel Doesn’t Like Panels, Billable Hours or (Much) Legal Tech—Here’s Why.

    August 8, 2022

    Stikeman Elliott Nabs Longtime New York Partner From Rival Canadian Firm

    August 8, 2022
    Facebook Twitter Instagram
    Law GovLaw Gov
    • Privacy Policy
    • Guest Post
    • Terms
    • Contact
    Facebook Twitter Instagram
    SUBSCRIBE
    • Home
    • News
    • Law Firms
    • Legal Technology
    • Law Practice
    • Litigation
    • Regulation
    Law GovLaw Gov
    Home » Allen & Overy Advises on (Another) Disposal of CZG Shares

    Allen & Overy Advises on (Another) Disposal of CZG Shares

    April 28, 20222 Mins Read News
    Facebook Twitter Pinterest LinkedIn Reddit WhatsApp
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email

    Allen & Overy has advised Jan Drahota, Lubomir Kovarik, and Ceska Zbrojovka Partners on the sale of part of their shares in CZG through an accelerated book-building process.

    According to the firm, “Wood & Company Financial Services acted as the sole global coordinator for the transaction.”

    “The sellers disposed of 2,030,000 shares,” Allen & Overy informed. “The transaction was upsized by two-thirds. The purchase price achieved in the accelerated book-building was CZK 555 per share, with total aggregate proceeds of the block trade of approximately CZK 1.13 billion.”

    CZG, the Ceska Zbrojovka Group, is a Czech company with production facilities in the Czech Republic, the US, and Canada. It produces firearms for military and law enforcement, personal defense, hunting, sports shooting, and other commercial uses.

    “The offer of shares through an accelerated book-building process responds to the long-term demand of investors for our shares, which the current small free float could not meet,” CZG Board Chairman Jan Drahota commented. “We believe that higher liquidity will lead to the higher interest of other investors and thus make the shares more attractive.”

    “We are pleased to have managed another successful transaction in CZG shares, resulting in the increase of the CZG effective free float by 6%,” Wood & Company Managing Director David Tajzich added.

    The Allen & Overy team was led by Prague-based Partner Petr Vybiral and included Junior Lawyer Denisa Jonasova as well as Frankfurt-based Partner Marc Plepelits and Senior Associate Rita Nicole Thomas.

    Allen & Overy did not respond to our inquiry on the matter.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    KSB Advises YCM on Acquisition of Stake in Trimill

    August 8, 2022

    Suciu Popa, Dentons, and NNDKP Advise on Romgaz Acquisition of ExxonMobil Subsidiary

    August 5, 2022

    Tuca Zbarcea & Asociatii Advises Mol Romania on Opening Two Motorway Service Stations

    August 5, 2022

    Romgaz Acquisition of Stake in Neptun Deep Project from ExxonMobil Now Closed

    August 5, 2022

    KSB and Glatzova & Co Advise on Ronaldsay Sale of Green Point in Prague

    August 5, 2022

    ZRVP Advises Ana Hotels on Athenee Palace Management Agreement with IHG Hotels & Resorts

    August 5, 2022

    Leave A Reply Cancel Reply

    Don't Miss
    Law Firms

    Liberis’ General Counsel Doesn’t Like Panels, Billable Hours or (Much) Legal Tech—Here’s Why.

    Francesco MazzagattiAugust 8, 20220

    Alexis Alexander has been general counsel at global financial services group Liberis since 2020, prior…

    Stikeman Elliott Nabs Longtime New York Partner From Rival Canadian Firm

    August 8, 2022

    Clifford Chance Plucks BBC Talent for Newly Created UK Inclusion Role 

    August 8, 2022

    History Makers and Innovators: The American Lawyer Industry Awards Finalists Announced

    August 7, 2022

    Subscribe to Updates

    Get the latest legal news from from all around the world directly to your inbox.

    Our Picks

    Associates Expect Their Tech To Work, And Partners Had Better Use It Too

    August 7, 2022

    State Bar Plows Ahead With ‘Regulatory Sandbox’ Proposal Despite Lawmakers’ Concerns

    August 6, 2022

    Former Supreme Court of Canada Judge to Lead Review of Embattled Hockey Canada

    August 5, 2022

    Linklaters, Gibson Dunn Advise as NBA Star LeBron James Takes Stake in German Bicycle Maker

    August 5, 2022
    Law Gov
    Facebook Twitter Instagram Pinterest
    • Privacy Policy
    • Contact
    • Guest Post
    • Terms & Conditions
    © 2022 Law Gov. All rights reserved. Developed by Sawah Dev.

    Type above and press Enter to search. Press Esc to cancel.