Koutalidis Law Firm is pleased to announce that it advised Piraeus in connection with the successful completion of the sale of 100% of the shares of Aktor Concessions SA by ELLAKTOR GROUP S.A. to Aktor Special Concessions and PPP Projects S.M.S.A., a wholly owned subsidiary of Aktor Group S.A.
Our team supported Piraeus as sole lender under its existing secured bond loan of up to €275 million to Aktor Concessions S.A.. Our advice covered the amendment of the existing financing and security agreements of the above bond loan, to capture the involvement of the new shareholder, as well as transactional matters arising from the sale and transfer of the shares that were related to the bond loan.
We thank Piraeus for their continued trust and congratulate all parties and advisors whose commitment and smooth cooperation contributed to the successful completion of this milestone transaction.
Our Banking & Finance team was led by Partner Dr. Ioannis Kaptanis and Counsel Dimitris Kalyvas and was supported by Associates Nike Konidaris, Gerásimos Siokos and Stephanie Georgantas.
