Koutalidis Law Firm has acted as Greek Legal Counsel, alongside Freshfields as International Counsel, to (a) Goldman Sachs Bank Europe SE and UBS Europe SE as Joint Global Coordinators and Joint Bookrunners, (b) Eurobank, AXIA Ventures Group, National Bank of Greece and Piraeus Bank as Co-Bookrunners, (c) AMBROSIA CAPITAL Hellas Single Member Investment Services S.A., Beta Securities S.A., Euroxx Securities SA, Optima bank and Pantelakis Securities S.A. as Co-Managers, in connection with the Offering of New Shares of ElvalHalcor Hellenic Copper and Aluminium Industry S.A. (ElvalHalcor) in its €250 million Share Capital Increase.
The Offering was addressed: (i) to retail and qualified investors by means of a public offer in Greece and (ii) to qualified investors by means of a private placement outside Greece.
The Share Capital Increase of ELVALHALCOR S.A was heavily oversubscribed, indicating strong investor appetite. The net proceeds of the Offering are intended to be used primarily to fund a portion of ElvalHalcor’s approximately €455.0 million growth investment program.
ElvalHalcor, a subsidiary of Viohalco S.A., is at the forefront of the global aluminium and copper markets and one of the largest Greek industries with a consistently strong footprint on the Greek economy and wider society. With manufacturing sites in 4 countries and customers in over 90 countries worldwide, ElvalHalcor ranks among the largest global producers in the non-ferrous metals industry, generating €3.6 billion in international sales in 2025.
Our Capital Markets Team was led by our Managing Partner, Nikos Koritsas and managed by Counsel Georgia Koutsoukou, assisted by Associates Zoe Koutsiafti, Fay Mantzouni and Apostolos Ath. Solias. Tax matters were handled by our tax team, lead by Dr. George Naskaris, Head of our Tax practice, assisted by Evi Koutsioumpa and Petrina Fotopoulou.
