MTX Group is one of the largest industrial, commercial and manufacturing holdings in the Czech Republic. The history of the group, which today employs more than 2,500 people and has a turnover of over CZK 40 billion, is also firmly linked to the history of the Otava family. HAVEL & PARTNERS has already been cooperating with the second generation of these prominent North Moravian entrepreneurs who successfully run the holding.
MTX Group, which includes, inter alia, the commodities company Metalimex, AL Invest Břidličná, Strojmetal, OKK Koksovny and Měď Povrly, is still growing despite the pandemic, and last year achieved an EBITDA profit of CZK 1.5 billion. The group has a total of 17 companies under its wings. It has long been mainly engaged in trading non-ferrous metals, fuels, metallurgical semi-finished products, the production and sale of coke, and the production of aluminium and copper products. It is incredible that a group of this size is a successful ongoing family business.
At HAVEL & PARTNERS we have been working for the MTX Group since 2011, when we provided legal support to the group’s founder Petr Otava Sr. in his investments in the Spanish real estate market. Gradually, the cooperation expanded to legal and tax advice for the entire MTX Group holding. In 2015, the group was hit by the sudden death of its founder and his son Petr Otava Jr. took over to lead the company.
Under the leadership of Petr Otava Jr., the MTX Group has expanded significantly abroad and its activities now span many areas. It manufactures automotive parts, is active in the metallurgy and food sectors and is even going public on the London Commodities Exchange with its financial division. “The MTX Group has been working successfully with HAVEL & PARTNERS for more than 10 years. There is no other law firm of a similar size on the Central European market that can cover with its range of services the comprehensive and demanding requirements of our group. I am extremely satisfied with the cooperation so far and I am confident that it will continue successfully,” said Petr Otava.
The firm’s partner Václav Audes added: “Petr Otava followed up on his father’s successes, he has demonstrated an exceptional intuition and feeling for the primary raw materials sector, successfully rebuilt the company structure and continues to systematically develop and expand the group. The Otava family is therefore an admirable example for all companies coping with the transfer of business to the next generation.”
At HAVEL & PARTNERS we have been involved in all key transactions for the group. For major investments, we provide the MTX Group with comprehensive M&A advisory services, arrange international legal services, but we also handle crisis situations. In such cases, we can also help, for example, with PR and crisis communication. We have worked almost 13,000 hours for the group over the 10 years of our cooperation and we look forward to assisting in the further growth and development of this admirable group in the future.
