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KG Law Advises Snam, Enagas, and Fluxys on Acquisition Financing for 66% Stake of Hellenic Gas Transmission System Operator

KG Law Advises Snam, Enagas, and Fluxys on Acquisition Financing for 66% Stake of Hellenic Gas Transmission System Operator

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The Kyriakides Georgopoulos Law Firm has advised a consortium consisting of Snam, Enagas, and Fluxys on a >10-year non-recourse acquisition financing corresponding to approximately 65% of the enterprise value to fund the acquisition, through Senfluga Energy Infrastructure Holdings, of a 66% stake of the Hellenic Gas Transmission System Operator S.A.

On December 20th, 2018, Senfluga completed the acquisition of the shares in DESFA for a consideration equal to EUR 535 million.

The financing was coordinated by the in-house legal teams of the consortium's members, including, for Snam S.p.A., General Counsel Marco Reggiani, together with Gloria Bertini, Head of Contracting, and Filippo Sirovich. The legal team for Enagas Internacional S.L.U was led by Belen Barandiaran and the legal team for Fluxys included Kai Richter and Nicolas Daubies.

KG team's was led by Partner Theodore Rakintzis, supported by Meletios Andrianos and Maria Karampotsiou. It also included Partners Gus Papamichalopoulos and Evi Dimitropoulou, supported by Aristotelis Katranis, Chryssoula Giannopoulou, Konstantinos Varelas, Anthi Antonakou and Angeliki Chalikia.

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