POTAMITISVEKRIS contributed to the privatization process of LARCO

We are happy to announce that our firm advised the preferred bidder of the tender process initiated by the Greek State and the Hellenic Republic Asset Development Fund for the long-term lease of the Larco metallurgical plant in Larymna, as well as of the tender process initiated by Larco’s Special Administration for the sale of certain assets and metallurgical rights of Larco. Despite the difficulties it has been facing in recent years, Larco remains one the largest producers of ferronickel in the world and the forthcoming transactions are critical for the sustainable revitalization of ferronickel production in Greece. Our team was led by Partner Theologos Mintzas, and included Senior Associates Alexia Tzouni, Dimitra Rachouti, Nickolas Sigkridis, as well as Associates Iliana Nikolaidi, Anastasia Bolari, Ioanna Kefaloniti, and Konstantina Markomichali.

Acquisition in the motor vehicle sector

Partner Dimitris Loukas and associates Athanasios Taliadouros and Alexandros Ntallas advised a leading Greek motor vehicle importer and distributor, as well as a leading Israeli motor vehicle importer and distributor, in relation to the HCC’s merger control approval process over their joint acquisition of the Greek subsidiary of a major global automaker and mobility provider in the motor vehicle sector (import, wholesale and retail distribution of new passenger and light commercial vehicles, spare parts, vehicle leasing/rent-a-car and provision of car repair and maintenance services).

Fair tax treatment of credit institutions

Aspasia Malliou, supported by associates Dimitra Katsipi and Charis Stampoulis, has succeeded in issuing nine decisions before the Council of State, which will lead to €2,77 million refund on real estate transfer tax for a leading credit institution of Cyprus. With its decisions, the Council of State upheld the judgment of all the Administrative Courts of First Instance of the country, which mandated the relevant tax refund.

Acquisition in the retail supermarket sector

Dimitris Loukas and team advised a major retail supermarket chain in relation to the HCC’s merger control approval process concerning its acquisition of another regional supermarket chain mostly active in certain islands of Greece.

Project financing of 330MW wind farm cluster

Euripides Ioannou and Anthea Terlegas, supported by associates Dimitra Rachouti, Vasilis Tsintavis, Efstathia Yperifanou, Panagiotis Pougouras and Alexandros Vaisidis, represented a syndicate of Greek systemic banks on the project financing of a 330MW cluster of wind farms on the island of Evia sponsored by one of Greece’s largest renewable energy companies. With a construction budget reaching €530 million and the intricacy of a connection to Greece’s mainland grid through a submarine high-voltage cable system, the project will, upon completion, be the largest wind farm project in Greece.

Advising major international bank in respect of an 826 MW CCGT plant

Partner Euripides Ioannou and Associate Vasilis Tsintavis advised a major international bank on the Greek law aspects of a c. 83,000,000 € buyer facility agreement in respect of an 826 MW Combined Cycle Gas Turbine (CCGT) plant being developed in Central Greece

Participation in Public Tender / ICT Sector

Alexandros Kortesis and team advised a Greek leading company in telecommunications sector on the participation in a public tender for the Digitalization of Archive of Hellenic Cadastre with a total value of 240M EUR.

Court proceedings in telecoms

Dimitris Loukas represented a major telecoms provider, as intervener, in court proceedings before Greece’s Supreme Administrative Court launched by the leading Greek telecoms provider for the annulment of an infringement decision by the Hellenic Telecommunications & Post Commission (EETT) against it.

HCC ex officio investigation in the retail trade of school bags

Dimitris Loukas and associates Alexandros Ntallas and Konstantina Markomichali advised a leading provider of school bags, kid’s lunch bags, pencil cases and waist bags in relation to the settlement of the HCC’s ex officio cartel investigation in the market for the retail trade of those products in Greece.