We are delighted to announce that our firm has acted as Greek counsel to Hellenic Republic Asset Development Fund (HRADF / ΤΑΙΠΕΔ) and Paneuropean Oil and Industrial Holdings S.A. (POIH) in connection with the sale of 11% in HELLENiQ ENERGY Holdings S.A.

In total, 33.619.870 shares were sold at a price of €7 per share, through an international accelerated book building process. The private placement was oversubscribed more than three times.

This transaction is a milestone for increasing the free float of HELLENiQ Energy, paving the way for a more realistic depiction of its value, and signaling a further vote of confidence in the Greek economy.

Our team was led by our Partner, Nikos Askotiris, assisted by our associates Stavroula Simitzi and Iliana Ioannou.