PRK Partners provided legal advice to the Czech bank Equa bank
17 February 2021
PRK Partners provided legal advice to the Czech bank Equa bank and its management in connection with the sale of Equa bank and other assets in the Czech Republic by Equa group shareholders to the international financial group Raiffeisen International AG. Equa bank has been operating on the Czech banking market since 2011 and has long been one of the most successful Czech banks in attracting new clients. Currently, Equa bank has approximately 480,000 clients and more than 50 sales points throughout the Czech Republic. PRK Partners' legal advice included, in particular, assistance in setting up rules and contractual documentation in relation to the due diligence review of the bank, commenting on acquisition documentation and advising on selected regulatory aspects of the transaction. The PRK Partners team was led by Partner Radan Kubr in cooperation with attorney at law Milan Sivý. The settlement of the transaction is conditional on satisfaction of usual conditions precedent, including obtaining requisite regulatory approvals.
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