Yesterday marked a major development in the Greek ports privatization programme. The share purchase agreement for 67% of the shares in Igoumenitsa Port Authority S.A. was signed between the Hellenic Republic Asset Development Fund and a special purpose entity established by the GRIMALDI EUROMED - MINOAN LINES – EKEV consortium, against a sale consideration of 84.17 million Euros! The transaction is expected to close in the coming months.
AKL is proud to have advised Hellenic Republic Asset Development Fund (HRADF / ΤΑΙΠΕΔ) in this important transaction. M&A partner Costas Fatsis and Managing Partner Alexandros Kosmopoulos led the AKL team having primary responsibility for transaction documentation. Our firm partnered with our good colleagues Dracopoulos & Vassalakis LP - DVLAW and Your Legal Partners to deliver a successful outcome in yet another infrastructure privatization.
We would like to thank the HRADF team for their trust and confidence in AKL and extend our congratulations to the parties and their advisors for reaching this important milestone! We are so proud to have been part of this momentous occasion!
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