Allen & Overy has announced that it has advised CZG – Česká zbrojovka Group SE in connection with its acquisition of the US firearms maker Colt. The unique nature of the transaction stems from the use of newly subscribed shares in Česká zbrojovka to pay a part of the purchase price to US shareholders of Colt as part of the cash & shares settlement of the transaction.
As Česká zbrojovka shares are listed, our advice encompassed both corporate and regulatory advisory (mandatory notifications) to CZG – Česká zbrojovka Group SE as listed company. Due to strict hygienic restrictions, the advice included special rules on convening the general meeting of the company during Covid-19 pandemic under so-called ‘Lex Covid’ enabling the company to hold the meeting without the physical presence of the shareholders.