Dracopoulos & Vassalakis, Your Legal Partners, and Alexiou-Kosmopoulos have been appointed as legal advisors to the Hellenic Republic Asset Development Fund on the privatization of regional ports of Alexandroupolis, Heraklion, Igoumenitsa, and Volos through the sale of majority stakes in the state-owned port operating companies.
According to Dracopoulos & Vassalakis, “the transactions will also involve the amendment of the existing concession agreements between such operating companies and the Greek State and the conclusion of shareholders’ agreements with the respective investors, with the view to maximizing revenues for the benefit of the Greek Privatisation Programme and at the same time achieving a combination of high-quality operation, maintenance, and exploitation of the ports to the benefit of the national economy.”
Dracopoulos & Vassalakis and Your Legal Partners also advised the Hellenic Republic Asset Development Fund on the Alimos Marina Concession project (as reported by CEE Legal Matters on May 25, 2020).