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News & Insights


Completion of Sale of Astir Palace

The sale of the majority (90%) of the shares of Astir Palace Resort has been completed with the payment of the agreed consideration (EUR 400 million). The shares were sold by its parent company, National Bank of Greece S.A. (“NBG”), listed on the Athens Exchange, to Arab-Turk...

Prodexpo Conference

The Firm co-sponsored the Athens Real Estate Conference held in Athens by Prodexpo. The conference considered a number of current issues relating to urban development and regeneration, investment issues, tax changes and other core industry topics. Helen Alexiou spoke on a panel...

Completion of Phase I Acquisition of Piraeus Port in Greece

COSCO (Hong Kong) Group Limited (“COSCO HK”) has completed the acquisition of 51% shares in Piraeus Port Authority SA ("PPA"), phase I of its acquisition of 67% shares of PPA. The deal provides for COSCO HK to increase its stake to 67% five years after Phase I, by acquiring an...

PPA Privatization | Competitive Process Complete

The competitive tender process for the sale of a majority stake in Piraeus Port Authority S.A. reached a key milestone in mid-February, upon designation of the preferred investor. Subject to approvals under applicable law, signing of respective transaction documentation is...

Hotel Sector Acquisition Financing

Year-end was marked by the successful closing of a EUR 125 million acquisition facility and a EUR 157.2 million refinancing facility provided as part of the largest hospitality sector M&A transaction of 2015. AKL advised the Mandated Lead Arranger and Agent on all Greek law...

EUR 288 million Bond Loan Financing

AKL advised the Arrangers, the Agent and Lenders in respect of a EUR 288 million secured bond loan financing to a leading Greek industrial. The transaction closed in late November and was the final stage of a phased refinancing process, following push down of debt within the...

Class Actions against Infringements of EU Competition Law

AKL’s George Zohios co-authors article in prestigious CPI publication. This article examines class actions as a form of collective redress from a competition law viewpoint; inevitably, however, many of the remarks concern class actions and collective redress mechanisms in...

AKL advises on Wholesale Sector Acquisition Financing

AKL acted for the Arrangers, the Agent and Lenders in a notable 100% acquisition financing targeting a leading network in the wholesale sector and structured to interoperate with a follow-up real estate financing transaction.