We have advised National Bank of Greece on the signing of Memoranda of Understanding (MoU) with EPSILON NET and its main shareholder, for the conclusion of a strategic cooperation agreement as well as for the acquisition of a minority stake in EPSILON NET, implementing the bank’s strategy to expand operations through collaborations in the field of fintech.
The MoU with EPSILON NET foresees the conclusion of a long-term, exclusive cooperation between EPSILON NET and NBG with the aim of joint design, development and distribution of products and services, whereas the MoU with the main shareholder, Mr. Ioannis Michos provides for the acquisition by NGE of a minority interest of 7.5% of the total share capital of EPSILON NET held by the main shareholder, as well as the possibility of obtaining from the same a further stake of 7.5% after three years.
Our team was led by our Partner Catherine Karatzas, assisted by our Senior Counsel Christos Paraskevopoulos and Senior Associates Eleana Rouga and Olga Vinieri. Our competition team was led by our partner, Anna Manda, assisted by our associate Maria Kallidopoulou.
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