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Bahas Gramatidis & Partners Advises Enel on Sale of 50% Stake in Enel Green Power Hellas to MAM

Bahas Gramatidis & Partners Advises Enel on Sale of 50% Stake in Enel Green Power Hellas to MAM

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Bahas Gramatidis & Partners, working with Gianni & Origoni, has advised Enel SpA on the sale of a 50% stake in its wholly-owned subsidiary Enel Green Power Hellas to Macquarie Asset Management for approximately EUR 345 million. The Koutalidis law firm, working with Jones Day, reportedly advised MAM.

According to the company's press statement, Enel Green Power Hellas operates 59 plants totaling 482 megawatts of installed capacity powered by wind, solar, and hydro, as well as six solar projects under construction for an overall capacity of 84 megawatts. EGPH is also developing a portfolio of wind and solar projects, and expanding its activities in innovative solutions such as storage and hybrid projects.

According to Bahas Gramatidis & Partners, the total enterprise value of EGPH was approximately EUR 980 million for the purposes of the transaction.

Macquarie Asset Management is a global infrastructure investor with assets under management of almost EUR 500 billion.

Enel SpA is an Italian multinational producer and distributor of electricity and gas.

The Bahas Gramatidis & Partners team was led by Senior Partner Yanos Gramatidis and included Senior Associates Popi Papantoniou and Alexandros Sarris, Associates Valeria Kokkinou, Evelina Dafni, and Charilaos Agathos, and Trainee Associate Maria-Christina Gramatidis.

Editor's Note: After this article was published, Koutalidis confirmed it had advised MAM's Green Investment Group on the acquisition. The firm's team included Managing Partner Nikos Koritsas, Partners Yiannis Loizos, Evangelos Courakis, and George Naskaris, Senior Associate Dora Karagiorgou, and Associates Spyros Roussakis, Konstantinos Papakonstantinou, Evangelos Mylonas Tsoumas, Dimitra Rossopoulou, and Giota Thivaiou.

Subsequently, Zepos & Yannopoulos announced it had advised Alpha Bank, Eurobank, the National Bank, and Piraeus Bank on financing for the acquisition. The firm's team included Partner Paris Tzoumas, Senior Associate Niki Ignatidi, and Associates Dimitra Androulakaki and Katerina Chalka.