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 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).

We proudly announce that we acted for Eurobank S.A. together with Milbank LLP and Ioannides Demetriou LLC for the purchase of a 26.1% stake in Hellenic Bank. Following completion of the transaction Eurobank has increased its holding in Hellenic Bank to 55.3%. Our involvement included legal support for the issuance of all required regulatory approvals and the submission of a takeover bid to the shareholders of Hellenic Bank. Partner Alexandros Metallinos advised Eurobank S.A. in relation to corporate and capital markets law matters, partner George Bersis assisted by associate Nikos Stefas advised on banking and regulatory law matters, and partner Dimitris Loukas advised on competition law matters.

We proudly announce that we represented the Athens International Airport S.A. for its IPO and listing on the Main Market of the Athens Exchange. The combined (Greek and international) offering by the Hellenic Republic Asset Development Fund of its 30% stake was oversubscribed by approximately 11.6 times, with the gross proceeds amounting to €784.7 million, implying an initial market capitalization of €2.46 billion. This landmark IPO, the largest in Greece for 18 years and the first IPO in Europe for 2024, marks a historic milestone for the Greek capital markets.
POTAMITISVEKRIS’ core team consisted of George Bersis (Managing Partner), Vassilis Stergiou (Partner), Elena Theocharakou (Senior Associate) and Maria Glynou (Associate).

George Bersis (Managing Partner), Elena Theocharakou (Senior Associate) and Elisabetta Lentsiou (Associate) advised GEK TERNA S.A. in the private placement of shares representing c. 5.8% of its issued share capital to selected institutional investors. The total proceeds of the private placement amount to €79.2 million.
We are delighted to have participated in this transaction, which confirms the trust of the investment community in GEK TERNA S.A. and reaffirms the momentum of the Greek capital markets.

We are delighted to announce that we advised the Hellenic Financial Stability Fund (HFSF) as selling shareholder in connection with the secondary offering of existing shares representing a 22% shareholding in the share capital of National Bank of Greece S.A. The transaction was structured as a fully marketed offering consisting of a public offering in Greece and a private placement book-building process to QIBs in the USA and to certain other institutional investors outside of the USA.
This historic transaction for the capital markets and the banking system of Greece is one of the most successful ones, with the combined offering being oversubscribed by more than 8 times, and the total gross proceeds raised by the HFSF amounting to circa €1.067 million.
Our team was led by Managing Partner George Bersis, assisted by Senior Associate, Elena Theocharakou and Associate, Elisabetta Lentsiou.

We proudly announce that we advised Alpha Bank and National Bank of Greece, acting as Joint Coordinators and Bookrunners, on the Initial Public Offering of Optima Bank. Through a very successful public offering, oversubscribed by 5.1 times, Optima Bank is the first credit institution to be listed on the Athens Stock Exchange after 17 years. Our team was led by Managing Partner George Bersis, together with Senior Associate, Elena Theocharakou, assisted by Associates Marialena Papageorgiou, Elisabetta Lentsiou, Nikos Stefas, Vasiliki Verykaki, Aimilios Stragalinos, Semina Zavitsanou, Afroditi Arnogiannaki and Dimitra Iordanidou.

POTAMITISVEKRIS supported a Greek department store for its acquisition by a listed holding company, a landmark transaction in Greek retail. Our team was comprised of partners: George Bersis, Vassilis Stergiou, Euripides Ioannou, Alexios Papastavrou, and Aspasia Malliou

Partner George Bersis, assisted by Associates Nikos Stefas and Vasiliki Verykaki, are advising a major foreign investor of a Greek systemic bank with respect to its qualifying holding notification before the SSM

We are happy to announce that our firm supported a leading luxury beach resort group in the Mediterranean, with all Greek law-related aspects regarding the sale of a majority stake to the Singaporean sovereign wealth fund. A landmark deal which valued the luxury beach resort group at €2.3bn, the biggest deal in the European hotel sector since the Covid-19 pandemic. Our team was led by Partners George Bersis and Theologos Mintzas who were supported by Eirini Zaglanika (IP), Anastasia Platipodi (Employment), and Ioanna Loudarou (Finance).

We are happy to announce that our firm supported Sani/Ikos Group with all Greek law related aspects regarding the sale of a majority stake to the Singaporean sovereign wealth fund GIC. A landmark deal which valued Sani/Ikos Group at €2.3bn, the biggest deal in the European hotel sector since the Covid-19 pandemic. Our team was led by Partners George Bersis and Theologos Mintzas who were supported by Eirini Zaglanika (IP), Anastasia Platipodi (Employment), and Ioanna Loudarou (Finance).

Co-Managing Partner George Bersis and Senior Associate Elena Theocharakou, supported by Associate Marialena Papageorgiou, advised a hospital and health services company on the sale of its subsidiaries which own real estate assets to a REIC and a listed entity.

Co-Managing Partner George Bersis and Senior Associate Elena Theocharakou, supported by Associate Marialena Papageorgiou advised a listed holding company specializing in the development, investment and management of real estate on the issuance, through a public offering, of EUR 230 m. senior Green Bonds and their listing on ATHEX.

George Bersis, assisted by Elena Theocharakou and Elli Anastopoulou represent a consortium of shareholders with respect to the management of their investment in a Greek listed credit institution. The mandate includes advising on various corporate law and corporate governance matters as well as on shareholders’ negotiations regarding future capital actions in the investee institution.

Co-Managing Partner George Bersis, Senior Associate Elena Theocharakou and Associates Anastasios Charalampous and Elli Anastopoulou advised one of the Greek systemic banks on the acquisition of one of the most successful Greek alternative investment fund managers, licensed by the HCMC, with total assets under management exceeding €1bn.

Co-Managing Partner George Bersis and Senior Associate Amalia Balla advised one of the largest owners of hotel resorts in Southern Europe on the complex acquisition of a company owning and operating a hotel resort, situated in Elounda, Crete, following its demerger. The team was joined by Partner Theologos Mintzas and Associate Anastasia Bolari, who advised on the negotiations regarding the refurbishment and management of the resort.

George Bersis and team acted as legal advisors to the issuance advisor, joint coordinators and bookrunners for the public offering of €100m senior bonds listed on ATHEX issued by a listed company active in the real estate sector.

George Bersis, assisted by Elena Theocharakou and Anastasios Charalampous, advised a leading listed construction and RES company on the increase of its share capital with preemption rights, through a public offering, with c. 51 m EUR total proceeds.

George Bersis, assisted by Elena Theocharakou and Anastasios Charalampous advised a Greek listed credit institution in the admission to trading of Euro denominated warrants representing a deferred tax credit of c. 152m EUR which were converted into new ordinary shares of the issuer. The transaction was followed by a share capital increase with pre-emptive rights in favour of existing shareholders of the issuer, through a public offering, with 240m EUR total proceeds.

George Bersis and Amalia Balla advised a REIC on the signing of a MoU with a big developer for the joint acquisition of land plots in the western suburbs of Attica, and co-development of a big logistic center.

POTAMITISVEKRIS has advised a Greek REIC on the acquisition of a company owning and operating one of the biggest retail parks in Greece, located in Pylaia Thessaloniki.
George Bersis, Co-Managing Partner and Amalia Balla, Senior Associate, successfully led the Real Estate team of this project.

Partners George Bersis, Vassilis Stergiou and Theologos Mintzas, assisted by Associates Ioanna Kefaloniti and Dimitra Androulakaki, successfully advised a major international concrete company in the acquisition of a quarry and two RMC plants in Attica, Greece. Our team provided legal support in the complex due diligence exercise as well as throughout the negotiations and the execution of this challenging transaction.

POTAMITISVEKRIS has advised a Greek REIC on the acquisition of a retail park under development, located in Neo Faliro, Attica.

The transaction was led by George Bersis, POTAMITISVEKRIS Co-Managing Partner, and Amalia Balla, Real Estate Senior Associate

Partners George Bersis, Vassilis Stergiou and Theologos Mintzas, assisted by Associates Ioanna Kefaloniti and Dimitra Androulakaki, successfully advised a major international concrete company in the acquisition of a quarry and two RMC plants in Attica, Greece. Our team provided legal support in the complex due diligence exercise as well as throughout the negotiations and the execution of this challenging transaction.

POTAMITISVEKRIS has advised a Greek REIC on the acquisition of a company owning and operating one of the biggest retail parks in Greece, located in Pylaia Thessaloniki.
George Bersis, Co-Managing Partner and Amalia Balla, Senior Associate, successfully led the Real Estate team of this project.

We are happy to announce that today the landmark privatization of the North Afantou property in Rhodes, the largest real estate privatization after Hellinikon, was finally completed. Partners George Bersis and Theologos Mintzas have been assisting the Hellenic Republic Asset Development Fund with the tender process and throughout the challenging road towards the completion of the privatization.

George Bersis and team acted as legal counsel to a leading listed construction company, for the merger through absorption of a RES company and the listing of the new shares on ATHEX

George Bersis and team acted as legal counsel in the €75m share capital increase of listed company active in the real estate development sector. The share capital increase was successfully subscribed in total through contributions in kind and cash payment.

George Bersis and team advised a leading Greek airline company on increase of its share capital increase with preemption rights, through a public offering, with 60 m EUR total proceeds.

George Bersis and team advised a leading Greek airline company on the amendment, through a decision of the bondholders’ meeting, of the terms of 120m. EUR bonds listed on ATHEX.

George Bersis and team acted as legal advisors to one of the most specialized plant bakery in Greece for the production of part-baked frozen bakery items, for the creation of a joint venture with an international bakery group with regard to Greece, Cyprus, North Macedonia and Albania

George Bersis and team acted as legal advisors to the seller for the sale of the majority holding in a company listed on ATHEX, active in the carton packaging industry, to a private equity fund. The transaction was completed on 31.12.2021 and also involved the sale of minority holdings, with a total consideration of approx. € 28m.

George Bersis and his team advised the leading investor in leisure hotels in southern Europe, on the reverse merger of five holding companies via absorption by their subsidiaries, which are companies operating hotels in Greece.

George Bersis and team acted as legal advisors to a leading international travel and tourism group for the sublease of two five-star hotels in Syvota and Lemnos. The transaction was completed on 30.12.2020.

George Bersis and team acted as legal advisors for the LBO and tender offer regarding the acquisition of the minority shares of a listed company, active in the telephone information sector. The squeeze out and delisting threshold was not achieved but the bidder reached an 89% stake in the listed entity.

George Bersis and team advised a listed company, active in the real estate development sector, regarding a tender offer for its shares’ acquisition.

George Bersis and team advised a leading hotel platform on the acquisition of a company owning a landmark beachfront land plot in Corfu and on the financing of the transaction.

George Bersis and team acted as legal advisors for the share capital increase with contributions in kind, with a total vaue of €20m, of a company listed on ATHEX, active in the real estate development industry. The share capital increase signifies the entry of a new investor in the shareholders structure of the company, through contribution of two logistics real estate assets located in Aspropyrgos, Attica, Greece, as well as the integration of a concession for the operation of 10 schools in Attica into the company, through contribution of the concession entity by the controlling shareholder.

George Bersis and team acted as legal advisors to one of the largest investors in the RES sector in Greece for the share capital increase and the disposal of the new shares through private placement, for a total price of approx. €70m, to international funds.

George Bersis and team advised one of the oldest Greek museum organisations on the sale of eight building plots to a joint venture of international real estate investors. The transaction is of great significance for the Greek urban real estate market and one of the largest during the COVID-19 crisis.

George Bersis and his team advised one of the largest investment management organizations located in the US for the regulatory issues arising from its acquisition of qualifying holdings in Greece’s regulated entities.

George Bersis and team advised a credit insitution for the financing of a leading listed gaming company in Greece.

George Bersis and Vassilis Stergiou advised a leading department store in its group reorganization and expansion of its shareholder base

George Bersis and team acted as legal advisor to the joint coordinators and bookrunners for the public offering of €150m bonds listed on ATHEX, certified by the Climate Bond Initiative.

George Bersis and team advised a leading petroleum company on the acquisition of a Greek credit institution, through tender process.

George Bersis and his team successfully supported the conclusion of the tender and sale of a landmark greenfield public property in Afantou Rhodes. The value of the transaction exceeded Euro 15 million.

George Bersis and team advised a member of the Alpha Bank SA group of companies in banking sector on the sale of a company to a listed REIC and a real estate and development group of companies. The company owns a property of approx. 11,400 square meters in Chania, Crete. The total value of the transaction was approx. €8.7 m.

George Bersis and team advised a leading Greek airline carrier on the underwriting agreement for the public offer of €200m bonds listed on ATHEX.

George Bersis and team advised a credit institution for the financing of a leading listed gaming company in Greece

George Bersis and team advised a leading global alternative investment management firm with expertise in credit strategies for the acquisition of the majority shareholding of a leading healthcare listed company and the refinancing of its debt

George Bersis and team advised the buyer of a portfolio of financial firms, consisting of a Greek bank, a factoring company and a mutual fund management company. POTAMITISVEKRIS’ team also advised on the competition and the dispute aspects.

George Bersis and team advised a hospitality real estate fund for the acquisition of one of the most luxurious resort hotel complexes of Greece.

Our real estate team led by George Bersis advised a private equity fund for the acquisition of a majority stake in the financing of a leading shopping mall.

George Bersis and team acted as counsel on Greek law to a leading company in the oil and petrochemical sector, with respect to the guarantee of approximately €350 million senior notes issued by its UK based affiliate listed on the Irish Stock Exchange and the issuance of an intragroup bond loan of an equal amount.

George Bersis and team advised a bank liquidator on the sale through an open tender of commercial real estate properties with an aggregate value of EUR 28.5m.

George Bersis and Vassilis Stergiou advised the Hellenic Republic Asset Development Fund on the 20- year extension of the Athens Airport concession.

George Bersis and team advised certain foreign private equity funds and international investors on all the Greek law aspects related to the acquisition and financing of the largest M&A in the hotel sector to take place in 2015.

George Bersis and team represented one of the largest banks in Greece in its 2015 recapitalization, implemented through a series of capital-enhancing actions, consisting of certain mitigating measures, a liability management exercise, an equity issue with the offering of shares and the issuance of contingent convertible securities to the Hellenic Financial Stability Fund for the first time in Greece.

George Bersis and team advised all the Greek banks in the refinancing of all the bank debt of a leading Greek fish farming company.

George Bersis and team advised all the Greek banks in the financing of a large supermarket chain in anticipation of its acquisition by a strategic investor.

George Bersis and team advised a multinational fruit company in the cross border merger of its Greek subsidiary into its Dutch subsidiary and the establishment of a local branch.

George Bersis and team advised the project company on the restructuring of its financing related to the construction and operation of a marina.

George Bersis and team advised a leading Greek bank in a €300m financing of one of the largest energy companies of Greece.

George Bersis and team advised an investor on the acquisition of a qualified holding in a Greek Bank.

George Bersis and team advised all the Greek banks involved in the refinancing of a fish farming company’s loans and the acquisition of a majority shareholding participation through capitalization of debt.

George Bersis and team advised an international company on the sale of one of its local top brands to another multinational company.

Stathis Potamitis and George Bersis represented the preferred bidders in the acquisition of the Greek subsidiary of a distressed international group in the retail sector.

George Bersis and team advised the preferred bidder in a lease-back transaction of state owned properties valued at €145m.

George Bersis and team advised a group of foreign investors who became the cornerstone investors in a major Greek bank.

George Bersis led the team advised a foreign private equity fund on the acquisition of two hotels and their related financing.

George Bersis and team acted on behalf of a major Greek bank in its share capital increase amounting to over €1.7bn.

George Bersis and team advised one of the leading Greek banks in its recapitalization exercise which completed successfully.

George Bersis and team conducted the legal due diligence of two target banks on behalf of another banking institution.