Karatzas and Partners Law Firm

News

Karatzas & Partners is delighted to have assisted doValue S.p.A. in signing with Eurobank Ergasias S.A. a milestone agreement for the acquisition of 80% of the share capital of Eurobank Financial Planning Services (FPS) (Project “Europe). The transaction entails among others the assignment of the exclusive servicing of Eurobank’s future Early Arrears and NPE (non-performing exposures) production in Greece for a 10-year period, consolidating the role of doValue as a long-term strategic partner to a local systemic bank. For more information: https://bit.ly/2PIiru0

Karatzas & Partners is pleased to announce that our firm advised LAMDA Development S.A., in connection with its pre-emptive share capital increase for the raising of €650,000,098.00, the largest share capital increase completed in Greece for the past years by a non-financial issuer. The share capital increase was approved on 10.10.2019 by the Extraordinary General Meeting of LAMDA Development's shareholders and was successfully completed on 16.12.2019 at the expiration of the period of exercise of the pre-emption and oversubscription rights by an approximately 1.1 investors’ oversubscription. The successful completion of LAMDA Development's share capital increase is another major step that the company is taking towards the implementation of the investment in the visionary thehellinicon Project. For more information: https://bit.ly/36Wg7Wp

Wednesday, 18 December 2019

Karatzas & Partners advises Ellaktor S.A

Karatzas & Partners advised the initial purchasers in connection with the high yield bond offering of €600 million 6,375% senior unsecured notes due 2024 issued by Ellaktor Value PLC, a wholly-owned subsidiary of Ellaktor S.A. It is the biggest high-yield offering for Greece, following the Greek sovereign debt crisis. The gross proceeds of the notes will be used to prepay certain indebtedness of Ellaktor S.A., Aktor Concessions S.A. and AKTOR S.A., to pay related fees and expenses and for general corporate purposes, while an amount equal to the net proceeds from this notes will be allocated to Eligible Green Projects, making it the biggest high yield green-bond offering in Europe for the year 2019.

Our firm shows once again that innovation and excellence are two core values that define its corporate culture. In that context, our firm is the first law firm in Greece to deploy an artificial intelligence platform by Luminance, which assists significantly during the due diligence process. We are always committed to providing our clients with high-quality legal services, by adopting new technology trends and by remaining at the fore-front of Greek legal developments. For more information please visit the following link: https://bit.ly/35oPHfy
Karatzas & Partners is pleased to announce that our firm advised National Bank of Greece with regards to the disposal of the first secured non-performing portfolio of small Business Lending and Small & Medium Enterprises loans with total principal amount of c. €0.9 billion (Project Symbol) to Symbol Investment NPLCO DAC (a company jointly owned by funds managed by Centerbridge Partners, LLP and Elliott Advisors (UK) Limited). The consideration of the transaction is equivalent to c. 28% of the principal amount of the portfolio and is capital accretive to NBG (based on Q3 2019 CET 1 ratio). The disposal was completed on Friday, December 6th. For more information please visit the following link: https://bit.ly/34tbkd8
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