Greece

a. Attica Bank NPL Securitization and Sale

Zepos & Yannopoulos, working alongside Shearman Sterling, acted as Greek legal counsel to Attica Bank SA, a Greek medium size bank, on the securitization of non-performing loans and future receivables from the EUR 1.3 billion sale of real estate. The portfolio was sold to a Luxembourg SPV, which was advised by Jones Day.

Deal parties (advisors)

  • Seller: Attica Bank (Zepos & Yannopoulos; Shearman & Sterling; Bahas, Grammatides & Partners) 
  • Investor/Buyer: Aldridge EDC Specialty Finance (Jones Day)

 

b. Fraport Greece Project Financing

Freshfields Bruckhaus Deringer and the Koutalidis Law Firm advised Fraport AG Frankfurt Airport Services Worldwide and the Copelouzos Group on the EUR 1 billion financing from Alpha Bank (Greece), Black Sea Trade and Development Bank; EBRD, EIB, and IFC, of the operating concessions to run a total of 14 regional airports in Greece. Chadbourne & Park and Karatzas & Partners advised the lenders on the financing, which will provide for development of the airports and form part of the payment to the Hellenic Republic Assets Development Fund.

Deal parties (advisors)

  • Borrowers: Fraport AG Frankfurt Airport Services Worldwide (Freshfields Bruckhaus Deringer; Koutalidis Law Firm)
  • Lenders: Alpha Bank (Greece), Black Sea Trade and Development Bank; EBRD, EIB, and IFC (Chadbourne & Park; Karatzas & Partners)

 

c. Intelligent Apps Acquisition of Taxibeat

Noerr, Zepos & Yannopoulos and Moroglu Arseven advised Daimler AG on the acquisition by subsidiary Intelligent Apps GmbH — provider of the e-hailing app mytaxi — of Taxibeat, the Greek app-based taxi booking company. Daimler was also advised by Estudio Olaechea in Peru. The sellers, Taxibeat’s CEO and majority shareholder, was advised by KG Law and Waterfront Solicitors.

Deal parties (advisors)

  • Seller: Nick Drandakis as CEO and Majority Shareholder (Kyrkiakides Georgopoulos Law Firm; Waterfront Solicitors) 
  • Buyer: Daimler AG/Intelligent Apps (Noerr; Zepos & Yannopoulos; Moroglu Arseven; Estudio Olaechea)
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