Karatzas and Partners Law Firm

News

Karatzas & Partners advised Athens International Airport (AIA) in connection with the issuance of a common bond loan of up to €100 million for five (5) airport related CapEx projects. The bonds were subscribed by the four (4) Greek systemic banks, while the transaction involved, among other parameters, certain demanding intercreditor aspects due to the previous year’s financing for the extension of the airport concession until 2046.

Karatzas & Partners advised Prodea Investments with regards to the sale of 4 properties, following a tender process through which companies managed by Dromeus Capital Group were declared as preferred counterparties. The total consideration for the sale of the properties amounted to €93.0 mn, while the fair value as of 30.06.2019, based on a valuation performed by independent valuers, amounted to €73.9 mn. For more information: https://bit.ly/2ZCbD4G

Tuesday, 24 December 2019

Karatzas & Partners advises Eurobank

Karatzas & Partners is pleased to have assisted Eurobank in the sale of part of the mezzanine and junior notes of the Cairo securitizations. These securitizations comprise of non-performing loans with an aggregate gross book value of approx. 7.5 billion Euros and are expected to be the first securitizations to take advantage of the recently adopted Hellenic Asset Protection Scheme. The sale of the notes is a significant part of Eurobank’s strategic plan to accelerate the reduction of NPLs. Karatzas & Partners has been assisting Eurobank in all phases of the plan. For more information: https://bit.ly/2MomQ3n

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

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