advised the Czech Government (Ministry of Finance) and its two State-owned
subsidiaries IMOB and PRISKO on the cross-border sale of the majority stake in
VIPAP VIDEM KRŠKO (VIPAP), the largest paper mill in Slovenia and a prominent
CEE newsprint manufacturer, with revenue topping EUR 90M, as well as on the
sale of claims against the latter, all to Czech-based RIDG Holding (RIDG).
transaction, governed by Slovenian and (partly) Czech law, and subject to
various conditions precedent (including merger clearance in various
jurisdictions), was preceded by a lengthy and complex ODI-led
restructuring process of VIPAP, involving the sale of claims against the latter
by other financial creditors, including the two largest Slovenian banks (NLB
and NKBM) and TCK, to RIDG. ODI’s work throughout has encompassed due diligence
of financial claims against VIPAP, drafting the transactional documentation and
assistance with signing and closing.
The ODI team was led by Partner Suzana Bončina Jamšek.