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Karatzas & Partners advised Eurobank Ergasias Services & Holdings S.A.

BANKING AND FINANCE LAW
CORPORATE AND COMMERCIAL LAW

Karatzas & Partners advised Eurobank Ergasias Services & Holdings S.A.

Karatzas & Partners advised Eurobank Ergasias Services & Holdings S.A. on the listing of the shares in Cairo Mezz Plc to the Alternative Market – EN.A PLUS of the Athens Stock Exchange (ATHEX). Cairo Mezz Plc is the company to which 75% of mezzanine notes and 44% of junior notes issued in the context of the Project Cairo securitizations were contributed in kind. Finally, such shares were distributed to the shareholders of Eurobank Ergasias Services & Holdings S.A. in execution of the related resolution of its general meeting of shareholders for share capital decrease in kind. The said transaction constitutes the last part of Project Cairo, leading to a major reduction on the percentage of non-performing loans of Eurobank. It also marks for the first time (a) the application of the provisions of Greek Corporate Law (l. 4548/2018) regarding share capital decrease in kind and (b) the preparation of a prospectus reflecting Project Cairo’s securitization in plain, intelligible language.