Our firm advised ELLAKTOR GROUP in the context of the sale of 75% of the Renewable Energy Sources division to Motor Oil Renewable Energy (MORE). The RES division of Ellaktor Group consists of operating parks with a total capacity of 493 MW as well as a pipeline of parks with a total capacity of 1,6 GW.

The transaction constitutes one of the largest acquisitions in terms of enterprise value in the Greek Energy market, valued at approx. EUR 995m. Within the context of this transaction, the Ellaktor Group refinanced several of its debt obligations and secured new financing.

Our team was led by our partner Alexandros Metallinos, assisted, in the context of the M&A transaction, by our senior associate Marina Chronaki and our associate Regina Keramida and in the context of the finance transaction, by our senior associate, Vassilis Goulielmos and our associate, Konstantina Chiotis. Our partner Aggeliki Tsatsi advised on the employment law matters of the transaction.