Gist sells its Czech subsidiary to CEE Logistics

The Baker McKenzie Prague office advised UK based logistics company Gist Ltd. in connection with the sale of its Czech subsidiary, GISTRANS Czech Republic s.r.o. to CEE Logistics a.s., a leading transport & logistics company in Central & Eastern Europe.

The Baker McKenzie Prague team advising on the transaction was led by partner Tomáš Skoumal and consisted of senior associates Lukáš Hron and Dušan Hlavatý.

Gist Limited provides E2E supply chain services including transport, distribution, warehousing and management. The company employs approximately 5,000 people in the UK, France, Ireland, the Netherlands and the US.

GISTRANS Czech Republic s.r.o. (now CEE Fresh Food Logistics s.r.o.) specializes in transportation of fresh and frozen food and beverages. The company had a turnover of over CZK 330 million last year with approximately 200 employees.