Zepos & Yannopoulos has advised Pradera on the sale of its shares in Trivillage Developments Greece Cinema and Entertainment Enterprises Single Member, the owner of the Village Shopping & More center in Renti, to Premia Properties Group entity Renti to Go Single Member.
Hot Practice in Greece: Prokopis Linardos on Your Legal Partners' Energy Practice
Greece’s renewable energy sector has been experiencing a surge in activity, according to Junior Partner Prokopis Linardos. Prokopis discusses the rise of corporate PPAs, the impact of streamlined licensing processes, and the growing focus on energy storage and offshore wind projects while reflecting on the country’s ambitious decarbonization targets and what the future holds for the sector.
Lambadarios Advises Piraeus Bank on Financing of Pumped Hydro Storage Station in Amfilochia
Lambadarios has advised Piraeus Bank on the EUR 620 million financing of a Terna Energy pumped hydro storage station in the municipality of Amfilochia, Western Greece. Marinos | Petroulias & Partners reportedly advised Terna Energy.
Closing: Abu Dhabi Future Energy Company's Acquisition of Terna Energy Now Closed
On December 2, 2024, Bernitsas Law announced that Abu Dhabi Future Energy Company's acquisition of Terna Energy (previously reported by CEE Legal Matters on June 24, 2024) has now closed.
FDI Screening in CEE: A CEE Legal Matters Round Table
On November 7, 2024, M&A experts from Austria, Bosnia & Herzegovina, Croatia, Greece, Hungary, Moldova, Romania, and Ukraine participated in a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea to discuss the FDI screening regimes in their country and key developments in the area on the horizon.
Bernitsas Advises China State Grid on Acquisition of 20% Stake in Ariadne Interconnection
Bernitsas has advised China State Grid on its acquisition of a 20% stake in Greece's Independent Power Transmission Operator's subsidiary Ariadne Interconnection which is responsible for implementing the electricity interconnection between Attica and Crete.
Bernitsas Advises Piraeus Financial Holdings on a Liability Management Exercise and Issuance of Tier 2 Notes
Bernitsas has advised Piraeus Financial Holdings on a liability management exercise consisting of an invitation made to holders of its outstanding EUR 500 million fixed-rate reset tier 2 notes due February 2030 to tender their notes for purchase by PFH for cash and on the issuance and offering to international and domestic institutional investors through a bookbuilding process of EUR 650 million tier 2 fixed rate reset notes due September 2035, as well as on the listing of the new notes on the Euro MTF market of the Luxembourg Stock Exchange.
Potamitis Vekris Advises Eurobank on Asset Management Agreements with Cerved
Potamitis Vekris has advised Eurobank and Eurobank Leasing Single Member on asset management agreements and service level agreements with Cerved Property Services Single Member regarding the management of Eurobank Group’s real estate portfolio.
Koutalidis and Lambadarios Advise on DESFA's up to EUR 810 Million Issuance
Koutalidis has advised the Hellenic Gas Transmission System Operator on its issuance of a bond loan of up to EUR 710 million with National Bank of Greece, Piraeus Bank, Alpha Bank, and Eurobank as acting as arrangers, NBG and Piraeus Bank also serving as bondholder coordinators, and Alpha Bank acting as bondholder agent and administrative agent. Lambadarios advised the banks.
Alexia Kefalogianni Moves into Private Practice by Joining Bernitsas Law
Former Eurobank Head of Legal Services Division Alexia Kefalogianni has joined Bernitsas Law as Counsel.
The Debrief: November, 2024
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
The Development of the Regulatory Framework for Offshore Wind Farms in Greece: Challenges and the Next Day
The development of offshore wind farms in Greece represents an ambitious step in the country’s energy transition, further promoting the shift towards renewable energy sources and the reduction of carbon dioxide emissions. The regulatory framework governing the installation and operation of offshore wind farms has evolved significantly in recent years, reflecting both national and international energy commitments, as well as the technological and environmental challenges accompanying such investments.
Koutalidis Advises Alpha Bank on EUR 806 Million Financing for Athens International Airport Expansion
Koutalidis has advised Alpha Bank on the financing of a EUR 806 million secured bond loan issued by Athens International Airport.
Bernitsas Advises on PPC’s EUR 600 Million Senior Notes Issuance
Bernitsas has advised the joint global coordinators, joint physical bookrunners, and joint bookrunners on Public Power Corporation's EUR 600 million issuance and offering of 4.625% senior notes due 2031 and listing the notes on the Global Exchange Market of Euronext Dublin.
Just in: New provision on Unauthorized Constructions & Property Transactions
Unauthorized constructions have been a prominent issue in Greek reality for decades, leading to repeated legislative attempts to address it. Currently applicable legislation (law 4495/2017) provides for legalization of such unauthorized constructions, as well as arbitrary changes of use, subject to conditions and further to submission of statements, payment of fines, etc.
Closing: Alpha Bank's Partnership with UniCredit in Greece and Romania Now Closed
On November 4, 2024, Clifford Chance announced that Alpha Bank Group and Alpha Bank Romania's sale of 90.1% of Alpha Bank Romania to UniCredit (as reported by CEE Legal Matters on November 16, 2023) has closed.
Lambadarios Advises PPC Group on Operational RES Assets and Pipeline Acquisition from Copelouzos and Samaras
Lambadarios has advised PPC on the acquisition of 66.6 megawatts of operational RES assets, a 1.7 gigawatt pipeline under development, and a 20% stake in the combined-cycle gas turbine unit in Alexandroupolis from the Copelouzos and Samaras groups. PwC Legal reportedly advised Copelouzos and Samaras.
Papapolitis & Papapolitis Advises Intrakat on EUR 600 Million Acquisition of Real Estate Portfolio from Prodea Investments
Papapolitis & Papapolitis has advised Intrakat on the acquisition of a EUR 600 million real estate portfolio from Prodea Investments.