Koutalidis Law Firm advised Aegean Baltic Holding AG

Koutalidis Law Firm advised Aegean Baltic Holding AG (an acquisition vehicle controlled by Mr. Aristotelis Mistakidis) on its agreement of 5th and 11th April 2022 with the existing majority shareholders of the credit institution Aegean Baltic Bank S.A. (“ABB”) for the acquisition of majority control over ABB.

Completion of the Transaction is subject to the satisfaction of certain conditions precedent including the obtainment of regulatory licenses and approvals.

Koutalidis Law Firm team consisted of Managing Partner Nikos Koritsas, Partner Yannis Loizos and Associates Maria Krika and Nike Konidaris.

Aegean Baltic Bank is a credit institution primarily active in the maritime loans sector. The bank’s impressive financial performance in the first nine months of 2023 showcased a remarkable 111% increase in net profit after tax, surpassing previous year’s results. With strong liquidity ratios and a consolidated CET-1 ratio of 24%, ABB continues to demonstrate promising performance.

Koutalidis Law Firm’s involvement in this transaction underscores the firm’s deep expertise in Banking M&A transactions and its commitment to facilitating significant investments in the banking sector.