'the team demonstrated in-depth understanding of all legal facets of the privatisation and was able to provide spot-on recommendations ... one of the most experienced teams in Greece in this sector ... involved in practically every important related transaction in the country'
The Legal 500 EMEA 2022
'can make a difference in competitive processes … great professionalism, business acumen, immediate responses, dedication, expanded and in-depth knowledge … very good team with an excellent structure and understanding of the market'
The Legal 500 EMEA 2021
Our participation in landmark deals marking the privatisation of major State-owned operators is unparalleled.
Many of these transactions have involved sales to international investors and listings on the Athens Exchange, and our clients include domestic and international investors and public bodies in the ongoing privatisation programme. Over the years, we have acted in numerous ground-breaking privatisations of high-profile companies operating in core industries.
Recent Experience
Sale of Hellenic Electricity Distribution Network Operator
We advised CVC in their participation in the tender conducted by the Public Power Corporation for the sale of 49% in Hellenic Electricity Distribution Network Operator (HEDNO).
Heraklion Port Authority Privatisation
We advise a major port and cruise operator in Southern Europe and the Mediterranean which is listed on the London Stock Exchange in their participation in the tender conducted by the Hellenic Republic Asset Development Fund (HRADF) for the acquisition of a majority stake in Heraklion Port Authority.
DEPA Infrastructure
We advised an international consortium in their participation in the tender conducted by the Hellenic Republic Asset Development Fund (HRADF) for the privatisation of DEPA Infrastructure and its subsidiaries which own and operate the Greek natural gas distribution network.
DEPA Commercial
We are advising a consortium consisting of two major energy companies in their participation in the tender conducted by Hellenic Republic Asset Development Fund (HRADF) for the sale of a majority stake in DEPA Commercial and its subsidiary EPA Attikis, the leading Greek natural gas retailer.
Shipyards Tenders
We advised a group of companies active in the shipping, technology, energy and real estate sectors in relation to its participation in two tenders, one for the sale of assets owned by Hellenic Shipyards and another conducted by the Hellenic Public Properties Company for the sale of land areas in the shipyards.
Participation in Alimos Marina Tender
We advised a bidder in its participation in the tender process conducted by the Hellenic Republic Asset Development Fund (HRADF) for the award of a concession contract in relation to the privatisation of Alimos Marina.
Rolling Stock Maintenance Company (ROSCO)
We advised the Hellenic Republic Asset Development Fund (HRADF) in the €22m privatisation of the Rolling Stock Maintenance Company (ROSCO), the independent company providing maintenance of the rolling stock, through the sale of shares representing 100% of the company’s share capital.
State Real Estate Assets
We are advising the Hellenic Republic Asset Development Fund (HRADF) in connection with the sale of several State private real estate assets, including the Castelo Bibelli in Corfu, to private investors through international public tenders.
National Train Operating Company (TRAINOSE)
We advised the Hellenic Republic Asset Development Fund (HRADF) in the €45m privatisation of the National Train Operating Company (TRAINOSE) through the sale of 100% of the company’s share capital to Ferrovie Dello Stato Italiane. TRAINOSE currently is the sole railway transport services provider in Greece and its privatisation was part of the unbundling of the railway sector in the context of the Second Railway Legislative Package enacted by the EU.
Astir Palace Vouliagmeni Resort Acquisition
We advised Jermyn Street Real Estate Fund IV LP, a fund managed by AGC Equity Partners, acting through its subsidiary Apollo Investment ΗoldCo, in its capacity as the leading member of the consortium being the successful bidder in the international tender of the Hellenic Republic Asset Development Fund (HRADF) and the National Bank of Greece for the privatisation and re-development of the Astir Palace Vouliagmeni resort, located on the Attica Riviera.
Recognitions
