Sydneyman S.R.O. acquired Wholesale and Retail Activities in Czech Republic from Steilmann SE (DB:STE) on October 27, 2016. As per the terms of the deal, the wholesale and retail activities in Czech Republic involved sale of the headquarters in Prague and 18 shops with a total of about 100 employees nationwide. Frank Kebekus acted as insolvency administrator in the deal. Sydneyman S.R.O. completed the acquisition of Wholesale and Retail Activities in Czech Republic from Steilmann SE (DB:STE) on October 27, 2016.