We are very pleased that our team could participate in another significant transaction for the UCED Group with the acquisition of Distribuce Ostrava from ČEZ ESCO. Our services included legal due diligence and representation in negotiations on transaction and financing documentation, as well as in proceedings before the Office for the Protection of Competition (ÚOHS).

The transaction team was led by partner David Vosol, together with senior associate David Plevka. Project financing was conducted by  partner Pavel Vintr, along with senior associate Ivana Horáková.

Congratulations to the UCED Group on another step in strengthening its position as the number one player in the field of local distribution systems!

UCED Vítkovice is part of the CREDITAS ASSETS SICAV fund from the CREDITAS Group, which has existed since 2020 and is focused on energy production and distribution. It acquired the local distribution system (LDS) in the industrial complex in Ostrava-Vítkovice from ČEZ ESCO, which serves 180 consumption points. The UCED energy division from the CREDITAS Group thus further solidifies its position as the largest operator of local distribution systems in the Czech Republic and the fourth largest energy distributor. The parties did not disclose the transaction price. The acquisition has already been approved by the anti-monopoly office.

The company Distribuce Ostrava includes a part of the ČEZ ESL plant used for the operation of the local distribution system in the cadastral territories of Moravská Ostrava, Mariánské hory, Nová Ves u Ostravy, Zábřeh-Hulváky, Vítkovice, Zábřeh-VŽ, Hrabůvka. The LDS is connected to the 110 kV network and supplies industrial complexes and adjacent consumers. It includes three main 110 kV substations with nine VHV/MV transformers with a total capacity of 365 MVA and two dozen subsequent transformer stations, the operation of which is monitored from its own control center.