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Kyriakides Georgopoulos Advises Siemens on Restructuring Greek Energy Business

Kyriakides Georgopoulos Advises Siemens on Restructuring Greek Energy Business

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Kyriakides Georgopoulos has advised Siemens Energy and Siemens Gas and Power Holding on the corporate restructuring of Siemens' Greek energy business.

"In particular, the restructuring of the Greek energy business was effected through [its] spin-off ... from Siemens Electrotechnical Projects and Products and its absorption by Siemens Energy, which was specifically established for the purposes of this transaction," Kyriakides Georgopoulos informed. "The transaction was completed on April 1, 2022, giving effect to the remainder of the 2020 worldwide internal restructuring (spin-off) of the energy business from the Siemens Group to the Siemens Energy Group."

Siemens Energy is an energy technology company with a portfolio of conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. The company employs 91,000 people in more than 90 countries.

The Kyriakides Georgopoulos team was led by Partners Elisabeth Eleftheriades and Kimon Tsakiris and included Partners Panagiotis Pothos, Constantinos Kavadellas, and Anastasia Dritsa, Counsel Violeta Panagiotopoulou, Senior Associates Efthymia Pragianni, Ioanna Barmpa, and Georgia Panagopoulou, and Junior Associate Angelos Charalampidis.