8 November 2021
Clifford Chance advises Komerční banka in relation to acquisition financings for J&T Real Estate group
Clifford Chance has recently advised Komerční banka in relation to the financing of an acquisition of agricultural holding Farma Neznašovy a.s. (formerly Český Real, a.s.) under the newly emerging J&T ZEMĚDĚLSTVÍ A EKOLOGIE (JTZE) holding. Farma Neznašovy is an agricultural holding specialising in crop production and livestock farming. The company manages 1,200 hectares of land and 1,000 head of cattle.
This acquisition is another part of building of a new agricultural leg within the J&T Real Estate group which started with the acquisition of agricultural holdings STATEK SOBĚTICE s.r.o. and Žďár Chudenice s.r.o. and related land under the JTZE holding from Úsovsko group. Both STATEK SOBĚTICE and Žďár Chudenice are located in Pilsen Region and own around 4,800 hectares of land and over 2,200 head of cattle together. Clifford Chance advised Komerční banka on this initial financing, too.
Clifford Chance team was led by Senior Associate Dominik Vojta, who was supervised by Prague Banking & Finance Partner Miloš Felgr.