We are delighted to announce that we successfully advised Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank on the €2.76 billion financing to Nea Attiki Odos Parachorisi S.A., a member of GEK Terna Group, in connection with the new 25-year concession of Attica Motorway. Financial close occurred on 4 October 2024 and the new concession commenced at 00:00 on 6 October. This is a landmark transaction for the Greek infrastructure sector and the largest financing ever arranged for a road project in Greece. The project involves the operation, maintenance, and improvement of the 70 km Attica Motorway, which is the main ring road of the greater Athens metropolitan area and a vital link for the national road network.
Our team, led by Euripides Ioannou (Partner) and Vassilis Tsintavis (Senior Associate), supported by associates Theodore Fostieris and Erato Zeliou, provided comprehensive legal advice to the four Greek systemic banks, covering all aspects of the financing, including the analysis of the concession agreement, the project agreements, the security package, the intercreditor agreement, and the loan documentation. We congratulate the amazing teams of GEK Terna and each lender on the accomplishment of this feat and thank them for their trust and cooperation. We are honored to have been part of this successful project and look forward to continuing our collaboration in the future.

We are delighted to announce that POTAMITISVEKRIS acted as Greek legal advisor to Bank of Cyprus Holdings (BOCH) in the parallel listing of its shares on the Main Market of the Athens Stock Exchange. BOCH’s listing on ATHEX was combined with its delisting from the London Stock Exchange, while BOCH’s shares remain listed and trade on the Cyprus Stock Exchange. Our team consisted of George Bersis (Managing Partner), Stathis Potamitis (Senior Partner), Elena Theocharakou (Senior Associate) and Katerina Pappa (Junior Associate).

We are pleased to announce that POTAMITISVEKRIS has acted as legal advisor to OTE S.A. in the successful sale of its 94.09% equity in Otesat-Maritel S.A. to Orbyt Global S.A.

Otesat-Maritel S.A., a company specializing in maritime communications and satellite telecommunications for the Greek and international shipping industry, has been acquired by Orbyt Global S.A., another prominent entity in the maritime telecommunications sector. The transaction aligns with OTE’s strategic priorities and is expected to foster new growth opportunities for Otesat-Maritel.

The transaction, which followed over a year of negotiations, was led by Alexandros Metallinos, Partner, with the support of Regina Keramida (Associate).

We are delighted to announce that POTAMITISVEKRIS is acting as legal advisor to Farallon Capital Management with respect to the sale of its majority stake in Euromedica Group’s clinics and rehabilitation centers business sector to Imithea Single Member S.A., owner of Henry Dunant, one of the largest hospital centers in Southeastern Europe. The transaction includes the sale of five general and obstetrics clinics and one rehabilitation center in Thessaloniki, Rhodes and Kozani, as well as procurement, IT and real estate management companies. The parties have entered into the relevant legally binding agreement (SPA) while closing of the transaction is subject to the required regulatory approvals.

Our team was led by Vassilis Stergiou (Partner) assisted by Spyros Roussakis (Senior Associate), Konstantinos Rachianiotis (Senior Associate) and Christos Chionas (Associate).

We are proud to announce that POTAMITISVEKRIS’ Corporate and Mergers & Acquisitions team represented and advised Fourlis Group on the execution of a number of agreements regarding licence rights for the Foot Locker network in eight countries in Southeast Europe and the acquisition of the existing Foot Locker network in Greece and Romania. The transaction was coordinated by Alexandros Kortesis (Partner) with the valuable assistance of Eleana Baya (Senior Associate) and Dimitra Anagnostopoulou (Junior Associate).

We are delighted to announce that POTAMITISVEKRIS acted as legal advisor to PQH Single Special Liquidation S.A. on the sale and transfer (conducted through a tender process) of three distinct loan portfolios issued by 13 credit and financial institutions under special liquidation. The relevant sale agreements for the Alphabet Portfolios, which have a total accounting balance of €4.8 billion and consist of non-performing and performing loans, have been successfully executed with the respective investors and the completion of these transactions is forthcoming.

This project was led by Alexandros Kortesis (Partner) and Maria Perifanou (Partner), with valuable assistance from associate, Konstantina Kyriakopoulou.

We are delighted to announce that POTAMITISVEKRIS acted as Greek legal counsel to Sani/Ikos Group in connection with the offering of €350 million senior secured notes, to be listed on the Official List of The International Stock Exchange. The offering closed on July 26, 2024. Our team was led by George Bersis (Managing Partner) and comprised of Elena Theocharakou (Senior Associate), Nikos Stefas, Kassiani Flaouna, Katerina Pappa and Virginia Kaklamanis (Associates).

We proudly announce that we advised Euroxx Securities S.A., acting as listing advisor, on the listing of the shares of Performance Technologies S.A. in the Regulated Market of ATHEX and its simultaneous delisting from the Alternative Market of ATHEX. Our team was led by George Bersis (Managing Partner), Elena Theocharakou (Senior Associate) and Elisabetta Lentsiou (Associate).