Privatization in the energy sector
POTAMITISVEKRIS acts as legal advisor in one of the most significant privatizations in the Greek energy market. Stathis Potamitis, Head of our Corporate and M&A team, Dimitrios Loukas Head of our EU, Competition & Antitrust team, and Maria Perifanou, Senior Associate of our Corporate and M&A team, assisted by Palmyra Chantzara (Associate) and Konstantinos Manikas (Associate) as well as by Alexia Tzouni (Senior Associate) and Dimitra Rachouti (Senior Associate), advise the majority shareholder of a leading public gas distribution company in the sale of its shareholding through an international public tender process. The recent announcement of the preferred bidder in the tender process marks a significant milestone towards the successful completion of the privatization.
POTAMITISVEKRIS acted as legal advisor on a “mega deal” in the telecommunications sector
As a law firm being always present in “game changer” transactions in Greece, POTAMITISVEKRIS acted as local legal advisor on a cornerstone transaction in the Greek telecommunications market.
Under this transaction and subject to the necessary regulatory clearances, a leading telco and media operator in Southeast Europe will ultimately acquire one of the largest telecommunication providers in Greece, aiming to create a leading telco and media operator in Greece. Closing of the transaction is expected in 2022.
Alexandros Kortesis led the POTAMITISVEKRIS’ Corporate and M&A team and Dimitris Loukas led the firm’s EU, Competition & Antitrust team. Our team of associates consisted of Alexia Tzouni, Olga Bezantakou and Christina Varveri.
POTAMITISVEKRIS acted as a local legal advisor to the parent shareholding company of the target telecommunications company in Greece.
POTAMITISVEKRIS successfully represented one of the largest Greek private clinics
POTAMITISVEKRIS Employment & Social Security Partner Alexios Papastavrou and associate Dionysios Giannopoulos successfully represented one of the largest private hospitals in Greece. The Court of First Instance of Athens, on its first of what is expected to be a number of decisions, rejected a health worker’s petition for injunction, finding that the obligation to vaccinate must be respected.
Merger through absorption of a RES company by a leading listed construction company
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
€75m Share Capital Increase through a combined public offering and private placement, of a listed company active in the real estate development sector
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.
Constructions’ Cartel – €22 million fine imposed by the HCC overturned by seminal decision of Appellate Court
Xenophon Paparrigopoulos and team (including, notably, Athanasios Taliadouros) successfully defended a Spanish major construction company against a €22 million fine imposed by the Hellenic Competition Commission (HCC) in the context of the constructions’ cartel investigated by the HCC. In a seminal judgment, the Athens Administrative Court of Appeals quashed the HCC’s decision on grounds pertaining, amongst others, to the lack of parental liability and the lack of demonstration of the single and repeated nature of the alleged infringement. It is one of the largest fines ever imposed by the HCC and overturned by the Appellate Court.
60m EUR share capital increase of a listed aviation company, through a public offering
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.
Amendment of the terms of bonds listed on ATHEX issued by an aviation company
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.
Successful representation in DIS arbitration
In 2020, Konstantinos Papadiamantis & Theodora Souma, along with German Counsel, successfully represented a company active in the news and media sector in DIS arbitration proceedings in Munich, Germany. The dispute involved a monetary claim brought by a former executive, for an amount exceeding EUR 3,6 mil., under a phantom shares bonus scheme governed by Greek law.