Our firm has proudly advised Lazard Frères SAS, the disposal advisor of the Hellenic Financial Stability Fund, in connection with the acquisition of the entire stake of HFSF in Alpha Services and Holdings S.A. (Alpha) by UniCredit S.p.A. (UniCredit). A competitive process has been triggered by a binding offer from UniCredit, resulting in Unicredit purchasing HFSF’s stake, representing approx. 8.98% of Alpha’s share capital.
The investment of UniCredit in Alpha forms part of a wider strategic partnership between them, including the merger of subsidiaries of Romania. It is a milestone and clear signal for the return of the Greek banking sector to sustainable growth and a reflection of the regained trust in the Greek economy, which is expected to create new investment opportunities.
Our team was led by our Partner, Nikos Askotiris.