Souriadakis Tsibris Advises Virtus on Dissolution and Distribution of Ideal Group Shares

Souriadakis Tsibris Advises Virtus on Dissolution and Distribution of Ideal Group Shares

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Souriadakis Tsibris has advised the former main shareholder of Ideal Group, Virtus, on its dissolution and distribution of all of its shares in the group to Ideal Group’s investors including, among others, Piraeus Bank, Eurobank, and VNK Capital Ltd.

According to Souriadakis Tsibris, “this was the last step which concludes the project of a reverse takeover of Ideal by the VSEF fund, and the concurrent indirect listing of the VSEF holdings in the Athens Exchange (as direct subsidiaries of Ideal, namely Astir Vitogiannis and 3Cents)."

Souriadakis Tsibris’ team included Managing Partner Michael Tsibris, Partner Giannis Koumettis, and Associate Hara Kora.

Souriadakis Tsibris did not reply to our inquiry on the matter.