Lawyer Monthly - December 2021 Edition

79 WWW.LAWYER-MONTHLY.COM DEC 2021 Lawyer Monthly Transaction Reports - DESFA’s EUR 505 Million Common Bond Issuance The key point for this success was the symmetry of information to every party involved; in that manner no one felt neglected or misrepresented. “ the key point for this success was the symmetry of information to every party involved; in that manner no one felt neglected or misrepresented. What impact do you expect the bond issuance to have on the parties involved? As far as the Greek banks are concerned, I believe that this will cement their reputation as being capable to handle any complex big-ticket deal locally and further afield. As far as DESFA is concerned, it does now have adequate financial means to further its ambitious development plan. Do you expect to work on similar transactions in the coming months? The reference to “coming months” is probably an understatement. In fact, we are currently working with the systemic banks in the context of provision of acquisition finance in a major privatisation deal! What other notable projects have you recently worked on? We are currently advising the Hellenic Republic on the concession of the Athens Motorway, which will be the largest asset ever tendered out, having an expected value that will well exceed €2 billion, as well as the development of an Integrated Resort Casino (IRC) on the site of the former Hellinikon airport. Other recent mandates include advising a leading global investment company in the privatisation of Hellenic Distribution Network Operator, Public Gas Corporation of Greece (DEPA) in the privatisation of its infrastructure and commercial entities and Glencore and Carlyle in the privatisation of Hellenic Petroleum.