Greece’s 14 Regional Airports won the Transaction category award for airports for 2017 by the IJGlobal Awards, a leading industry publication for the energy and infrastructure market.
Your Legal Partners and Dracopoulos & Vassalakis Law firm worked together with Norton Rose Fulbright on this deal. Katerina Christodoulou, partner of Your Legal Partners proudly holding the trophy award together with Norton Rose Fulbright legal team at the offices of Norton Rose Fulbright in London celebrating the accolade of the award winning deal.
As a member of the global legal network, Ally Law, our partners Maria Golfinopoulou and Katerina Christodoulou will be attending the 2017 Client Seminar, “Brave New World: Business and Legal Practice in Changing Times”, held in New York on Thursday 25 May 2017. This seminar will feature a keynote address delivered by Antony “Tony” Blinken, former U.S Deputy Secretary of State as a speaker.
Our Partner, Katerina Christodoulou will be presenting on a panel which will focus on “Best Practices in Maximizing Legal Department Effectiveness and Efficiency ”.
Your Legal Partners are proud to have contributed together with the rest advisory team of the HRADF (Citigroup and Eurobank (financial and Drakopoulous & Vasalakis law firm (legal)) to the successful take- over of 14 Greek regional airports at 11/4/2016 by Fraport Greece.
The consortium, comprising Germany’s Fraport (65%) and Slentel (35%), a unit of Greece’s Copelouzos Group, has raised around EUR 1.6bn between debt and equity to finance the acquisition. The acquisition facility is coming from the EBRD, the IFC, the Black Sea Trade and Development Bank (BSTDB) and Alpha Bank. A portion of the debt is expected to be syndicated after financial close, with Greek systemic banks.
Your Legal Partner acting for the Privatisation Agency Hellenic Republic Asset Development Fund (HRADF) has contributed in the examination and approval by the Greek State of all financing documentation together with all conditions precedent provided in the relevant concession agreements paving the way for a financial close and concession commencement date at 11.4.2017.
The take -over happened seamlessly overnight which was a great success for all involved parties.