CMS has advised a club of banks consisting of UniCredit Bank Czech Republic and Slovakia, a.s. (acting also as agent) and Československá obchodní banka, a. s., on complex refinancing for the existing debt of EUROMEDIA GROUP, a.s and financing for the acquisition of a 100% share in PEMIC BOOKS a.s.
The CMS team was led by CMS Banking & Finance Partner Petra Myšáková and included David Bujgl, Michal Václavík (Banking & Finance) and Štěpán Havránek (Corporate).
EUROMEDIA GROUP, a subsidiary of Rockaway group, is a leading player in the Czech book market, known for its extensive portfolio of publishing houses and book distribution services, and its retail chain of brick-and-mortar stores and online e-shop Luxor. The acquisition of PEMIC BOOKS helps strengthen EUROMEDIA GROUP’s position in the Czech book market and allows EUROMEDIA GROUP to expand to the Slovak market, thanks to the Slovak operations of PEMIC BOOKS. One of the key assets of PEMIC BOOKS includes a 50% stake in AUDIOTÉKA.CZ s.r.o., the largest platform for audio books in the Czech Republic.
The acquisition has been recently approved by the Czech Office for the Protection of Competition, and more information on this decision is available on its website.
