PRK Partners Provides Advice to KARO Leather a.s.

A team from PRK Partners headed by experienced senior attorney Jan Ditrych advised KARO Leather a.s., the leading leather processing company in the CEE region, on the public subscription of shares on the START market of the Prague Stock Exchange. KARO Leather a.s. successfully placed the entire issue of new shares, thereby obtaining CZK 132 million for its development.

The START market is a segment of the Prague Stock Exchange focusing on small and medium-sized enterprises. PRK Partners assisted the issuer with the preparation of the prospectus submitted to the Czech National Bank for approval and with corporate matters relating to the two rounds of subscription. The client will mostly use the proceeds from the sale to expand its production plants in Boršov and Brtnice in the Jihlava region.

KARO Leather a.s. is considering a future transfer to the regulated market of the Prague Stock Exchange and dual listing of its shares in Poland.

For more details, see the press release here.