Energy & Natural Resources

Kinstellar advises Veolia on the acquisition of the largest district heating companies in the Czech Republic

November 2020 – Kinstellar has successfully advised VEOLIA on its acquisition of Pražská teplárenská, one of the largest district heating companies in the Czech Republic. It is active in the city of Prague, supplying heat to more than 230,000 households and offices, industrial enterprises, schools and healthcare facilities. The seller was EP Energy, a part of the EPH Group.

The transaction involved complex M&A advisory and negotiations, issues related to regulatory aspects and an extensive intra-group restructuring as well as transfers of energy assets and commercial contracts.

The Kinstellar team was able to leverage its extensive experience in complex acquisitions. That, along with its thorough knowledge of energy and competition law, was invaluable in getting the deal through to a successful execution.

Led by Partner Kamil Blažek, the team included Michal Forýtek (Managing Associate), Adam Němec (Senior Associate), and Jan Lehký (Counsel).

For more information, please contact Kamil Blažek, Partner, at