A&O announced on 29 June that it has advised ZETOR TRACTORS a.s. (a leading Czech agricultural machinery manufacturer with more than 75 years of history in the production and development of tractors and agricultural machinery) and its Slovak parent company HTC INVESTMENTS a.s. on a joint venture agreement with VST TILLERS TRACTORS LIMITED (a prominent Indian tractor and power tiller producer) in connection with the establishment of a joint venture in India.
The joint venture, VST ZETOR Pvt. Ltd., will be incorporated in India and will operate in the Indian market, offering a range of tractors and other agricultural equipment under the VST ZETOR brand. The joint venture aims to leverage the complementary strengths of ZETOR and VST, combining ZETOR’s technological expertise and quality standards with VST’s local market knowledge and distribution network.
The A&O team in Prague included partner Prokop Verner, who heads the Corporate/M&A practice in the Czech Republic, counsel Ivan Telecký and associate Martin Vykopal. Cyril Amarchand Mangaldas acted as Indian law counsel for ZETOR TRACTORS a.s. with respect to the local law review of the joint venture agreement.
Prokop Verner added: “We are proud to have assisted ZETOR in establishing a joint venture in India, one of the most dynamic and promising markets in the world. This project demonstrates our strong capabilities and experience in supporting Czech and Slovak clients in their strategic investments across Europe and beyond, leveraging our global network, local expertise and sector knowledge.“