January 2026 – Kinstellar has successfully advised E.ON on the sale of 100% of the shares in Gas Distribution, the operator of the gas distribution network in the South Bohemian Region and parts of the Vysočina Region in the Czech Republic. The buyer, CEZ Group, has completed the acquisition through its subsidiary GasNet, thereby significantly expanding its gas distribution footprint across the country.
Kinstellar's engagement spanned the full lifecycle of the transaction, including the preceding corporate reorganisation of E.ON's Czech operations involving a simultaneous spin-off and hive-down of its electricity and gas distribution businesses, regulatory approvals, advice relating to vendors’ due diligence, preparation and running of the auction process, negotiation of the transaction documents and ensuring the smooth completion.
The team was led by Partner Karla Rundtová and Managing Associate Adam Němec, with key support from Kamil Blažek, Michal Forýtek, Antonín Seidel, Paul Válka, Iva Bilinská, Petr Bratský, Matěj Korduliak, Zuzana Šedinová, Tomáš Froněk, Emma Hartingerová and Antonín Dvořák. Bohdana Pražská from KempHoogstad advised on Czech tax law aspects of the deal.