DVLaw advising HRADF in the concession of 14 regional airports

AnnouncementsDVLaw advising HRADF in the concession of 14 regional airports

DVLaw acted as Greek legal counsel to the Hellenic Republic Asset Development Fund in the landmark privatisation of 14 Regional Airports through the signing of two 40-year Concession Agreements with the consortium consisting of Fraport AG and Slentel Ltd (a unit of the Copelouzos Group). We also advised the Fund in relation to the EUR 1.6bn financing of the acquisition by Greek banks and IFIs., assisting in the approval and designation by the Greek State of all financing documentation together with all conditions precedent provided in the relevant Concession Agreements, as well as in the drafting and finalisation of the State Direct Agreements between the Greek State and the Lenders. YLP has acted as co-counsel to the Fund. We continue to act for the Fund in its involvement as Grantor and assist it in its interaction with the Concessionaires, the Lenders and the Greek State pursuant to the Concession Agreements and the State Direct Agreements. DVlaw team is led by our partners Yiannis Palassakis and Irene Anyfanti.

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