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Koutalidis Advises Macquarie Group on Acquisition of HEDNO

Koutalidis Advises Macquarie Group on Acquisition of HEDNO

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Koutalidis has advised the Macquarie Group on the acquisition of a 49% ownership interest in the Hellenic Electricity Distribution Network Operator.

According to Koutalidis, “following an international public tender process launched by [the Public Power Corporation], Macquarie was declared the preferred bidder with an offer valuing 49% of HEDNO’s enterprise value at EUR 2.116 billion, making this landmark transaction one of the largest privatizations to have ever taken place in Greece.”

The Koutalidis team included Managing Partner Nikos Koritsas, Senior Associates Yannis Loizos and Yannis Kantas, and Associates Kostas Papakonstantinou and Spyros Roussakis.

The firm did not reply to our inquiry on the matter.

Editor's Note: After this article was published, AKL announced that it had advised Alpha Bank on a senior facility to partially finance the acquisition of the 49% stake in HEDNO.