News, Deals & Awards
26/10/2016
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...
20/10/2016
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...
10/08/2016
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...
18/02/2016
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...
29/12/2015
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...
27/11/2015
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...
27/02/2015
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...
29/01/2015
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.
