Koutalidis Law Firm is proud to have advised the U.S. International Development Finance Corporation (DFC) on its financing agreement for a $125 million loan to ONEX Elefsis Shipyards and Industries (ONEX) to rehabilitate and modernize the Elefsina shipyard.
DFC financing will help create a strategically critical maritime and energy supply hub for the region by expanding the shipyard’s capacity to service liquified natural gas (LNG) ships, promoting European energy security and diversification, creating new local jobs, and bolstering the U.S.-Greece partnership through a transparent, high-quality investment.
With DFC support, ONEX will expand the shipyard’s capacity to repair and upgrade ships, particularly ships that service the nearby Revithoussa LNG terminal. This will promote increased access to reliable, secure energy in the Western Balkans and Eastern Europe by expanding high-quality infrastructure to support diversification of LNG supply for the region – a critical undertaking amid Russia’s attempts to destabilize regional energy access.
Koutalidis Law Firm team advising the DFC is led by Nikos Salakas, Head of our Banking and Finance Department who is assisted by Senior Associate, Tania Goupou and Associate, Maria Krika.
