Kocian Solc Balastik has advised J&T Banka on the CZK 1 billion increase of Rohlik Group’s bond issuance.
“The prospectus that was made in connection with the increase has already been approved by the Czech National Bank,” KSB informed. “The newly raised funds will be used, among other things, to further develop the group. In addition to the Czech Republic, Germany, and Austria, the company is planning to expand into Spain and other Southern European markets, as well as continuing with its planned automation of warehouses and electrification of the company’s fleet.”
Founded in 2014, the Rohlik Group is a Czech online grocery delivery service. The group is active in the Czech Republic, Hungary, Austria, and Germany.
The KSB team included Partners Martin Krejci and Vlastimil Pihera and Lawyers Josef Kriz, Jana Guricova, and Matus Kovacic.
KSB did not respond to our inquiry on the matter.