Czech Republic: Schoenherr advises Saint-Gobain on divestment of Glassolutions business in Czech Republic

Schoenherr advised Saint-Gobain, a leader in light and sustainable construction, on the divestment of its Glassolutions business in the Czech Republic to an SPV incorporated by the original founder. The transaction is part of Saint-Gobain's continued optimisation of its business profile in line with its "Grow & Impact" strategic plan.

"This transaction required a meticulous and well-coordinated approach to ensure the seamless separation of Saint-Gobain's Glassolutions business in the Czech Republic," said Jiří Marek, Counsel at Schoenherr, who co-led the advisory team. "Our team worked diligently to navigate the structural complexities of the divestment, from the identification and delineation of all relevant assets and contracts to the successful closing of the deal. We are proud to have delivered a comprehensive legal solution that supported Saint-Gobain's strategic objectives under its 'Grow & Impact' plan."

The transaction involved considerable legal and commercial complexity arising from the structural intricacies of the divestment. In particular, the matter necessitated a comprehensive legal delineation of Saint-Gobain's Glassolutions business, including the expeditious identification and separation of all relevant assets, contractual relationships, intellectual property rights and operational arrangements.

Saint-Gobain is a global leader in light and sustainable construction, designing, manufacturing and distributing materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonisation of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The company operates in 80 countries and employs more than 161,000 people.

The Schoenherr team advising on the transaction was led by Jiří Marek (Counsel) and Vladimír Čížek (Partner), and further consisted of Helena Hangler (Counsel), Jan Kupčík (Counsel), Marie Gremillot (Attorney at Law), Sebastian Špeta (Attorney at Law), Petr Korál (Attorney at Law), Martin Svoboda (Attorney at Law), Natálie Hrubá (Associate), Ondřej Šimek (Associate), Jana Machová (Associate) and Anna Kučerová (Associate).

The buyer was represented by the law firm Štětina Komendová.