DJBW Danilowicz Jurcewicz Biedecki i Wspolnicy has advised STK Group, one of the largest private rail operators in Poland, on the sale of 100% of STK S.A. shares and 80% of Kolej Baltycka shares to OT Logistics, for a total amount PLN 33.1 million. Wroclaw-based PGNG advised OT Logistics on the deal, which still requires anti-monopoly clearance.
According to DJBW, the final sale price of the companies’ shares may be reduced "in the case of a height difference of liabilities declared by STK Group in the agreement and at the closing date and for STK S.A. achieving additional benefits specified in the contract of the sale of locomotives owned by STK SA, the sale of which is to take place before December 31, 2016."
The transaction also includes the STK Group's acquisition of 99,406 OT Logistics Series D shares for PLN 23.4 million.
The transaction is conditioned, among other things, on OT Logistics obtaining consent for the concentration from the Office of Competition and Consumer Protection.
DJBW’s team consisted of Partner Ludomir Biedecki and Attorney-at-law Radoslaw Matusiak.
