Piraeus Bank – Project Vega

AnnouncementsPiraeus Bank – Project Vega

DVLaw advised Piraeus Bank as Greek law counsel in a landmark securitisation transaction according to which Piraeus Bank and Intrum AB (publ) signed a binding agreement for the sale of thirty percent (30%) of the mezzanine notes of the Vega non-performing loan securitisations transaction, comprising predominantly denounced loans, secured by residential and commercial real estate of a total GBV of c. €4.9 bn. (Project VEGA).  YLP has acted as co-counsel. DVlaw team was led by our partner Yiannis Palassakis.

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