Advising Snam, Enagás and Fluxys
January 22nd, 2019
Kyriakides Georgopoulos Law Firm (“KG ”) advised the consortium composed by Snam, Enagás and Fluxys (the “Consortium”) on a >10-year non-recourse acquisition financing corresponding to approximately 65% of the enterprise value (the “Facility”) to fund the acquisition, through Senfluga Energy Infrastructure Holdings (“Senfluga”), of a 66% stake of the Hellenic Gas Transmission System Operator S.A. (“DESFA”). On December 20th 2018, Senfluga completed the acquisition of the shares in DESFA for a consideration equal to € 535 million.
On the Consortium side the Facility has been coordinated by the in-house legal teams of the Consortium members. For Snam S.p.A. the General Counsel Marco Reggiani, together with Gloria Bertini, Head of contracting, and Filippo Sirovich. For Enagás Internacional S.L.U the legal team lead by Belén Barandiáran and for Fluxys the legal team of Kai Richter lead by Nicolas Daubies.
The KG team advising the Consortium in the conclusion of this loan Facility was led by Theodore Rakintzis, Partner supported by Meletios Andrianos and Maria Karampotsiou. Other partners involved were Gus J. Papamichalopoulos and Evi Dimitropoulou, supported by Aristotelis Katranis, Chryssoula Giannopoulou, Konstantinos Varelas, Anthi Antonakou and Angeliki Chalikia.