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Bernitsas Law Advises Intrakat on Acquisition of Aktor

Bernitsas Law Advises Intrakat on Acquisition of Aktor

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Bernitsas Law has advised Intrakat on its acquisition of Aktor from Ellaktor and Aktor Concessions.

Closing is expected in the fourth quarter of 2023, pending regulatory approval.

"As part of the transaction, Intrakat has also agreed to guarantee the repayment of Aktor’s outstanding intragroup indebtedness of up to EUR 114 million within a certain period," Bernitsas Law informed.

The Intrakat Group provides infrastructure public projects, concessions, and environmental and real estate development projects in Greece.

Ellaktor subsidiary and construction arm Aktor provides services in the fields of construction, photovoltaic parks, quarry management, technical facilities, and project management.

Bernitsas Law previously advised Intrakat on raising EUR 100 million in equity capital and listing its new shares on the Athens Exchange (as reported by CEE Legal Matters on February 8, 2023). 

The Bernitsas Law team included Partners Nikos Papachristopoulos and Marina Androulakakis and Senior Associates Sofia Kontou and Tania Patsalia.

The firm could not disclose further details on the deal.

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