April 2017 - Kinstellar and Linklaters have successfully advised Barclays Bank PLC, Citigroup Global Markets Limited and Deutsche Bank AG, London Branch, on the sale of a 7.5% stake held by ČEZ in the Hungarian oil company MOL. The transaction aimed to avoid the risk of a decline in MOL's share price following the sale. ČEZ Group estimates that the transaction will have a total positive effect on its pre-tax profit in 2017 of CZK 3.4 billion (approximately EUR 125 million).
Barclays Bank PLC, Citigroup Global Markets Limited and Deutsche Bank AG, London Branch acted as Joint Dealer Managers in relation to the Invitation and Joint Bookrunners with respect to the equity placing. Citigroup Global Markets Limited acted as Settlement Agent.
The Kinstellar team was led by Martina Březinová, Counsel and Kamil Blažek, Partner.