Plzeňský Prazdroj, represented by Skils, has succeeded in a dispute with former shareholders over the amount of compensation for shares during the squeeze-out in 2005

Skils successfully represented Plzeňský Prazdroj and its former sole shareholder in the court proceedings initiated by former minority shareholders demanding an increase in the original amount paid to them for their shares in Plzeňský Prazdroj during the squeeze-out in 2005.

If the lawsuits were fully successful, the sole shareholder of Plzeňský Prazdroj would have to pay the claimants in total the amount of up to approximately CZK 65 million. The same additional payment per share would be required to be paid to the other squeezed-out shareholders which would mean a total amount of additional payment of up to approximately CZK 1 billion. The Supreme Court rejected the extraordinary appeal of the squeezed-out shareholders. In doing so, it confirmed the correctness of the decision of the High Court in Prague which dismissed all lawsuits filed by the squeezed-out shareholders in their entirety in 2020. The Supreme Court thus confirmed that the amount paid in 2005 was adequate and that such shareholders were therefore not entitled to any additional payment.