We are proud to have advised PPC S.A. on its successful €4.25 billion share capital increase.

This is the largest capital raising of the past decade and one of the largest ever recorded in the history of the Athens Stock Exchange — now Euronext Athens. It ranks, at the same time, among the most significant and successful equity offerings in Europe in recent years.

This capital raising is also a historic milestone for PPC (supporting the implementation of PPC’s 24 billion investment plan) and a strong vote of confidence from both Greek and international investors in the vision for the new PPC, Euronext Athens and Greece.

The realization of the transaction in a tight timeline marks the successful completion of a market game-changing transaction, tackling complex legal issues.

Our team comprised of:
Corporate, M&A and Capital Markets: Catherine Karatzas, Alexandra Kondyli, Nikos Askotiris, Pinelopi Anyfanti and Daphne Farmaki
Specific offering disclosure: Dimitra Strompola and Venetia Lazaratou
Tax: Eleonora Ligoutsikou
Regulatory: Valia Apostolopoulou and Konstantina Meletiadou
Labour: Angeliki Tsatsi and Vassiliki Rogakou.

We truly thank our client, PPC S.A., for their trust and excellent cooperation.

We are very grateful for the excellent cooperation with the teams of the international and Greek banks and investment firms, and all legal advisors involved in the transaction, Milbank LLP as the international legal advisor of PPC S.A., Latham & Watkins as the international legal advisor of the international banks and investments firms involved, and Bernitsas Law as the Greek legal advisor of the international and Greek banks and investments firms.