Koutalidis Law Firm is pleased to announce that it acted as Greek legal counsel and advised, alongside international counsel Milbank LLP:
(a) Goldman Sachs International as sole global coordinator and joint bookrunner;
(b) Alpha Bank S.A. and HSBC Continental Europe as joint bookrunners; and
(c) Eurobank S.A.,Euroxx Securities S.A., National Bank of Greece S.A., Optima bank S.A., Pantelakis Securities S.A, and Piraeus Bank S.A. as co-lead managers
in connection with the 200 million share capital increase of Cenergy Holdings S.A., a subsidiary of Viohalco S.A., dually listed on Euronext Brussels and on Athens Exchange, and the offer of the new issued shares through (i) a public offer in Belgium and Greece on the basis of a FSMA approved and HCMC passported prospectus; and (ii) private placements to institutional investors in various jurisdictions, in reliance upon the exemptions from the requirement to publish a prospectus under the Prospectus Regulation and other applicable laws.
Cenergy Holdings S.A. holds a portfolio of companies positioned at the forefront of high growth sectors, such as energy, telecommunications and construction, including Hellenic Cables S.A., Fulgor S.A. and Corinth Pipeworks S.A.
The proceeds of the offer, which was oversubscribed multiple times, shall be used to finance the first phase of the construction of a cable manufacturing facility of the Group in Baltimore, Maryland, United States as well as the further expansion of the production capacity of the Group’s existing facilities in Greece.
Our Capital Markets Team was led by Nikos Koritsas, Managing Partner and Dr. George Naskaris, Head of our Tax practice, together with Georgia Koutsoukou (Senior Associate-Capital Markets), Kelly Hatzigaki (Associate-Capital Markets) and Panagiota Thivaiou (Associate-Tax).
