POTAMITISVEKRIS acted as legal advisor to Attica Bank S.A. in its successful share capital increase, raising approximately €672.2 million
We are thrilled to announce that POTAMITISVEKRIS acted as legal advisor to Attica Bank S.A. in its successful share capital increase, raising approximately €672.2 million through the issuance of 359,469,360 new ordinary registered shares, and in the issuance of the same number of warrants. This share capital increase, completed in November 2024, was designed to enhance the bank’s capital position and growth.
In advance of the share capital increase and warrant issuance, our team also acted as legal advisor to Attica Bank in its strategic merger by absorption of Pancreta Bank S.A., a milestone transaction completed in September 2024. Together, these significant capital initiatives, which took place in accordance with the provisions of the agreement concluded in July 2024 between the Hellenic Financial Stability Fund and Thrivest Holding Ltd, as ratified by Law 5127/2024, represent an important step toward establishing Attica Bank as the “fifth pillar” in the Greek banking sector.
This highly complex and challenging project was led by Partner George Bersis, with support from Senior Associate Elena Theocharakou and Associate Elisabetta Lentsiou. Partner Dimitris Loukas, assisted by Senior Associate Kostas Manikas and Associate Alexandros Ntallas, advised on competition law matters, notably on the merger control filing before the HCC, while the tax aspects were expertly handled by Partner Aspasia Malliou, with the assistance of Senior Associate Grigoris Katsoras.
Hogan Lovells acted as international counsel for Attica Bank S.A., led by Partners Madeleine Horrocks and Annalisa Dentoni-Litta, together with Senior Associate Franco Lambiase and Junior Associate Noemi Biagini.
We extend our warm congratulations to the exceptional team at Attica Bank S.A. on reaching this landmark achievement and express our gratitude for their trust and collaboration. We are honored to have been part of this transformative journey and look forward to supporting Attica Bank in future successes.