Clifford Chance Advises on Doosan Škoda Power IPO Worth CZK 2.5 Billion on Prague Stock Exchange.

Clifford Chance has advised Raiffeisen Bank International, Raiffeisenbank Česká republika, and WOOD & Company, who acted as Joint Global Coordinators (JGCs) for the initial public offering (IPO) of Doosan Škoda Power on the Prague Stock Exchange. Valued at approximately CZK 2.5 billion (including the over-allotment option), this strategic transaction marks a significant milestone for the company and the Czech capital markets.

The IPO, which targeted both institutional and retail investors, including eligible employees, represents a vital step in Doosan Škoda Power’s growth strategy. The funds raised will be allocated to enhancing production capabilities, advancing digitalization efforts, and improving competitiveness in the energy sector.

Youngki Lim, CEO of Doosan Škoda Power, shared, "This IPO is a key step in our growth strategy. It enables us to strengthen our market position and support our plans for innovation and development. We value the expertise of all our advisors, including Clifford Chance, in helping us achieve this milestone."

Miloš Felgr, Managing Partner at Clifford Chance’s Prague office, expressed pride in the role his team played, stating, "We are proud to support Raiffeisen Bank International, Raiffeisenbank Česká republika, WOOD & Company and Doosan Škoda Power in this highly important transaction. The IPO of Doosan Škoda Power marks a significant moment for the Czech capital markets and reflects the growing interest in high-quality investment opportunities in the region. Our team has been committed to ensuring the success of this project through practical, commercially-driven and effective legal solutions."

Doosan Škoda Power, headquartered in Plzeň, Czech Republic, is a prominent global steam turbine original equipment manufacturer (OEM). Since its inception, the company has delivered over 576 turbine units, providing approximately 56 GW of power output. Doosan Škoda Power’s portfolio encompasses steam turbines with capacities ranging from 3 to 1300 MW, catering to a wide range of energy sectors, including utilities and industrial applications. Founded on the legacy of the historic Škoda Works (Škodovy závody), Doosan Škoda Power has more than a century of expertise in engineering and manufacturing high-quality energy solutions. Since 2009, the company has been part of the South Korean Doosan group, further expanding its global reach and technological capabilities.

The Clifford Chance team’s expertise in equity capital markets, led by Miloš Felgr and Christopher Roe, was crucial to the IPO’s success. They were supported by senior associates Hana Čekalová, Vladimír Rýlich, Anjaneya Das, associate Radhika Sharma, counsel Dominik Vojta, and junior lawyer Lukas Ljubovič.

Clifford Chance is a global law firm, established over 100 years ago, renowned for its expertise in banking, corporate law, finance, dispute resolution, and tax. With offices worldwide, it serves clients including corporations, financial institutions, governments, and not-for-profits. The firm delivers high-quality legal advice, combining global standards with local expertise, and strives to exceed client expectations by providing innovative solutions across all sectors.

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