Bernitsas Law has advised Hoist Finance on the acquisition of a portfolio of unsecured non-performing loans with a total outstanding balance of approximately EUR 400 million from Alpha Bank.
Alpha Bank is one of Greece’s systemic banks. Hoist Finance is a Swedish financial institution operating in 11 European countries with more than 1,600 employees.
The Bernitsas team was led by Partner Athanasia Tsene and included Junior Associate Maria Cheimona.
Bernitsas Law did not respond to our inquiry on the matter.
Editor's Note: After this article was published, Zepos & Yannopoulos announced it had advised Alpha Bank on the transaction, also known as Project Light. The firm's team included Partner Christina Papanikolopoulou, Of Counsel Kitty Fragalexi, Senior Associate Mary Nigritinou, and Associates Magda Tsatsi and Dimitra Androulakaki.