Kyriakides Georgopoulos has advised Evo Payments on the acquisition of a 51% stake in merchant acquiring business spin-off from the National Bank of Greece.

Lydia Sofrona has become a Partner at Koutalidis, in the firm's Tax Law practice.

Zepos & Yannopoulos has advised Islalink Holdings on the development of the Ionian submarine fiber optic system in Greece.

Contributed by Alexiou Kosmopoulos Law Firm.

Souriadakis Tsibris has advised the former main shareholder of Ideal Group, Virtus, on its dissolution and distribution of all of its shares in the group to Ideal Group’s investors including, among others, Piraeus Bank, Eurobank, and VNK Capital Ltd.

Kyriakides Georgopoulos, in collaboration with Herbert Smith Freehills’ Brussels office, has assisted the Hellenic Gas Transmission System Operator (DESFA) in obtaining an unconditional Phase I clearance from the European Commission for the acquisition of a jointly controlled shareholding in Gastrade. Cleary Gottlieb Steen and Hamilton reportedly advised Snam, and Zepos & Yannopoulos reportedly advised Gastrade and the other controlling shareholders. 

Moratis Passas have advised Davidson Kempner on the Project Pivot transaction, which includes the purchase of approximately EUR 400 million gross book value non-performing loans of Piraeus Bank S.A. Floropoulou & Partners reportedly also advised Davidson Kempner.

Moratis Passas has advised Davidson Kempner on the Project Cosmos securitization transaction, which includes the purchase of 51% of the mezzanine and junior notes issued in the context of securitization on EUR 3.4 billion gross book value primarily non-performing loans of Alpha Bank S.A.

Moratis Passas has advised the DoValue Group in relation to the Mexico securitization transaction originated by Eurobank. Allen & Overy and Karatzas & Partners advised Eurobank on the deal.

Moratis Passas has advised the Piraeus Bank Group as well as the arrangers on the Sunrise II securitization transaction, involving a retail and corporate NPE portfolio of EUR 2.7 billion gross book value. 

Souriadakis Tsibris has advised the Elikonos 2 SCA Sicar private equity fund on its EUR 1.1 million investment in Ojoo Limited.

Bernitsas Law has advised Imker Capital Partners on its acquisition of a 42.4% stake in Softone Technologies and related shareholders’ agreement. A.Papapanagiotou & Partners reportedly advised the sellers.

Bernitsas Law, working with Allen & Overy, has advised Piraeus Bank on its inaugural EUR 500 million issuance of green senior preferred bonds and their listing on the Luxembourg Stock Exchange’s Euro MTF market. Clifford Chance reportedly advised the managers of the transaction.

Milbank has advised BC Partners on the financing for its acquisition of Pet City Group in Greece.

The KLC Law Firm has advised the Hellenic Gaming Commission on awarding the “concession of the license to operate a wide range of casino activities in the Metropolitan Park of Elliniko – Agios Kosmas” to an association of companies operating under the name Athens IRC.

AKL has advised Alpha Bank acting as original subscriber, mandated lead arranger, bondholder agent, and administrative agent on the issuance of an up to EUR 362 million common bond loan by Astir Palace Vouliagmenis.

Souriadakis Tsibris has advised the founders of Greek electric appliances trading company Inventor on the sale of a majority stake to Swedish Beijer Ref. Saplegal Papadimitriou & Partners reportedly advised the buyer.

The end of 2020 saw landmark legislative interventions in Greece, mainly aiming to create the prerequisites for the widest possible adoption of the EU Target Model (the creation of a single EU energy market) and boost the penetration of renewable energy sources, in a regulated and rational way. According to the government, these interventions “establish the framework for a more rational operation of the sector, on more competitive terms, to the benefit of the consumers and of the Greek economy in general.”