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WFW Advises NBG on Loan for DEFSA Privatization

WFW Advises NBG on Loan for DEFSA Privatisation

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Watson Farley & Williams has advised the National Bank of Greece on a ten year non-recourse acquisition financing of EUR 357 million to a consortium of Snam, Enagas, and Fluxys to fund approximately 65% of the consideration for the consortium's acquisition of a 66% stake in the Hellenic Gas Transmission System Operator S.A. The Kyriakides Georgopoulos Law Firm advised the consortium.

The EUR 535 million acquisition of shares, made through Senfluga Energy Infrastructure Holdings, was completed on December 20, 2018.

The WFW team advising NBG was led by Athens Finance Partners Marisetta Marcopoulou and Virginia Murray, supported by London Energy & Infrastructure Partners Daisy East and Colin Graham. They were assisted by Senior Associates Michael Folsom and Emmanuel Ninos in London and Associates Valina Giouzelaki, Matina Kanellopoulou, Konstantina Siozou, Eirini Portokalaki and Nick Tsirogiannis in Athens.

Editor's Note: After this article was published, Kyriakides Georgopoulos announced that its team has been led by Partner Theodore Rakintzis, supported by Meletios Andrianos and Maria Karampotsiou. Other partners involved were Gus Papamichalopoulos and Evi Dimitropoulou, supported by Aristotelis Katranis, Chryssoula Giannopoulou, Konstantinos Varelas, Anthi Antonakou and Angeliki Chalikia.

In addition, the firm reported, the Facility was coordinated by the in-house legal teams of the Consortium members. According to KG Law, "for Snam S.p.A. the General Counsel Marco Reggiani, together with Gloria Bertini, Head of Contracting, and Filippo Sirovich. For Enagas Internacional S.L.U the legal team was led by Belen Barandiaran and for Fluxys the legal team of Kai Richter, led by Nicolas Daubies."

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