Hoist Finance acquisition of c.€400m NPL portfolio - Project Light

Bernitsas Law acted as Greek law counsel to Hoist Finance AB (pub) as purchaser, in connection with a binding agreement entered into on 21 July 2022 with Alpha Bank SA as seller of a portfolio of unsecured non-performing loans with a total outstanding balance of approximately €400m.

Alpha Bank is one of Greece’s largest systemic banks. Hoist Finance is a leading Swedish financial institution with strong presence in Europe.

The Bernitsas Law team was led by Athanasia Tsene.

Hoist Finance acquisition of c. €400m NPL portfolio - Project Light

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