Koutalidis Law Firm advises on the closing of the 40-year Alimos Marina concession project
Koutalidis Law Firm has advised New Alimos Marina Concession Single Member S.A., 100% subsidiary of the sponsor, Aktor Concessions S.A., on the closing of the concession of the exclusive right to own, use, administer, operate and exploit the Marina of Alimos for a 40-year period for a total consideration of EURO 57.5 million. Taking into account the investment to be made in the Marina, the total value of the agreement for the whole concession period is over EURO 177 million.
Our firm further advised on the project financing by way of a EURO 88,5 million bond loan arranged by Alpha Bank, which achieved financial closing.
Koutalidis Law Firm has been advising on all aspects of the tender process leading up to the signing of the concession agreement on 13 May 2020 between Aktor Concessions S.A., New Alimos Marina Concession Single Member S.A. as the concessionaire, the Greek State, the Hellenic Asset Development Fund and the Public Properties Company.
The marina of Alimos is one of the biggest in the Eastern Mediterranean and the tender process is the first to be conducted through an electronic auction in Greece.