Work Highlights
Acquisition in the private clinics sector
Dimitris Loukas and associate Athanasios Taliadouros advised a global special situations investment firm with operations in Greece in relation to the HCC’s merger control approval process concerning a change in the quality of control over a key provider of private hospital and diagnostics services in Greece.
Rejection of a criminal complaint for fraud amounting to € 950.000
Konstantinos Papadiamantis and Andreas Matsakas, members of our White-Collar Crime Team, have been successfully representing numerous Members of the Boards of Directors of Damavand S.A. and Deca Investments A.E.D.O.E.E. as suspects, whom Damavand Trading L.T.D. has accused of fraud amounting to € 950.000 and relating to an option in favor of Diorama Investments Sicar S.A., a foreign company managed in Greece by Deca Investments A.E.D.O.E.E. The said option had been provided for in a private agreement between Damavand Trading L.T.D. (as seller of shares within Damavand S.A.) and Diorama Investments Sicar S.A. (as buyer of shares within Damavand S.A.), its activation had been defined to depend on whether the bankruptcy of Producta S.A. (an old company related to Damavand Trading L.T.D) would have been completed or not within 24 months of the conclusion of the above private agreement and its exercise ultimately led to the free acquisition of shares of Damavand Trading L.T.D. by Diorama Investments Sicar S.A. The criminal complaint for fraud lodged by Damavand Trading L.T.D. against the above suspects has been rejected by the competent Prosecutor of First Instance and Second Instance.
Environmental Law team is advising on Project Olympus, an initiative aimed at transforming the Milaki cement plant into a zero carbon unit
Our Environmental Law team is delighted to collaborate with HERACLES Group, a member of Holcim on Project Olympus, a groundbreaking initiative aimed at transforming the Milaki cement plant in Evia into a zero carbon unit. This venture stands out as one of the first and most ambitious of its kind in Greece, poised to dramatically minimize the Group’s environmental footprint. We are both honored and excited to contribute to this pivotal and demanding endeavor and eagerly anticipate its successful completion. Guided by Theologos Mintzas (Partner), our dedicated team also includes Dimitra Rachouti (Counsel), Ilia-Aikaterini Boura (Associate), and Marianna Papandreou (Associate), all committed to advancing this significant project.
HCC antitrust investigation in the ICT sector
Dimitris Loukas and team advise a leading ICT provider in relation to the HCC’s ongoing antitrust investigation in the markets for the provision of information technology (IT) and related services concerning suspected infringements of competition rules.
Acquisition in the food retail & leisure sector
Dimitris Loukas and associates Athanasios Taliadouros and Alexandros Ntallas advised Gregory’s SA, Greece’s leading food retail franchising operator in Greece, in relation to the HCC’s merger control approval process for its acquisition of joint control (together with Foodcorp Investments SA) over 1904 SA (assigned with the reconstruction and operation of the “AIGLI ZAPPEIOU” building complex, which will function as a multi-purpose site offering catering, leisure, cinema and event organization services).
Acquittal for illegal copying, by computer, of the design of a subsequently registered trademark
Konstantinos Papadiamantis, Evgenia Kordou and Andreas Matsakas, members of our White-Collar Crime Team, successfully represented, achieving their acquittal, the founding members of a company, who had been accused of and at first instance (represented by another defense counsel) convicted of illegal copying, by computer, of the design of a subsequently registered trademark from the electronic file of the opposing company, which (design) was considered a professional secret, as well as of usurping a false certificate due to the submission of this design to the competent Trademark Service for its registration as a trademark.
Representation of leading pharmaceutical company in litigation before Council of State against Greek State and EOPYY
Alexandros Kortesis (partner) and Associate Fay Karkantzou (associate)represented one of the leading pharmaceutical companies in litigation proceedings before the Council of State against the Greek State (Minister of Health) and the National Organization for the Provision of Health Services (EOPYY) for the annulment of rebates imposed according to art. 88 of law No. 4472/2017 for the first semester of the year 2023.
POTAMITISVEKRIS represented the Athens International Airport S.A. for its IPO and listing on the Main Market of the Athens Exchange Greece
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).
POTAMITISVEKRIS advised GEK TERNA S.A. in the private placement of shares representing c. 5.8% of its issued share capital to selected institutional investors
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.