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Closing: Hoist Finance’s Acquisition of NPL Portfolio from Alpha Bank Now Closed

Closing: Hoist Finance’s Acquisition of NPL Portfolio from Alpha Bank Now Closed

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On November 18, 2022, Zepos & Yannopoulos announced that Hoist Finance’s acquisition of a portfolio of unsecured non-performing loans with a total outstanding balance of approximately EUR 400 million from Alpha Bank (as reported by CEE Legal Matters on July 28, 2022) has closed.

As previously reported, Bernitsas Law has advised Hoist Finance on the acquisition. Zepos & Yannopoulos advised Alpha Bank on the transaction.

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.

Zepos & Yannopoulos' team included Partner Christina Papanikolopoulou, Of Counsel Kitty Fragalexi, Senior Associate Mary Nigritinou, and Associates Magda Tsatsi, Dimitra Androulakaki, and Pinelopi Klara.

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