Papapolitis & Papapolitis has advised Intracom Holdings and Intracom Technologies on their sale of a 90.91% stake in Intracom Defense to Israel Aerospace Industries.
ATHEX-listed conglomerate Intracom Holdings specializes in IT solutions and services, defense electronics systems, construction, real estate, and renewable energy.
Intracom Defense describes itself as "Greece's leading manufacturer of electronic and communication products, systems, and applications in the defense and security area," and "focuses primarily on the armament programs of Greek and foreign defense ministries and NATO."
Israel Aerospace Industries is an aerospace and defense company specializing in developing and manufacturing systems for air, space, sea, land, cyber, and homeland security.
Back in May, Papapolitis & Papapolitis also advised Intracom Holdings subsidiary Intracom Properties on its EUR 18.74 million acquisition of a stake in KLM S.A. from the Lappas family (as reported by CEE Legal Matters on May 24, 2023).
The Papapolitis & Papapolitis team included Partner Evi Tsilou and Senior Associates Cryssoula Giannopoulou and Anna Pavlaki.