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Koutalidis Advises Alpha Bank on Partnership with UniCredit in Greece and Romania

Koutalidis Advises Alpha Bank on Partnership with UniCredit in Greece and Romania

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Koutalidis has advised Alpha Bank on its partnership with UniCredit in Greece and Romania.

According to Koutalidis, the partnership entails the “Merger of Romanian subsidiaries and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a 9.9% stake; establishment of a commercial partnership framework in Greece to distribute UniCredit’s asset management and unit-linked products to Alpha Bank’s 3.5 million clients and creation of a joint venture in pension-saving products with UniCredit becoming a 51% shareholder in AlphaLife; and the acquisition by UniCredit from the Hellenic Financial Stability Fund of all the shares that HFSF held in Alpha Services and Holdings, namely a stake of 8,9781%.”

The Koutalidis team included Partners Nikos Salakas and Effie Papoutsi.

Koutalidis did not respond to our inquiry on the matter.

Editor's Note: After this article was published, Kyriakides Georgopoulos announced it had advised the Hellenic Financial Stability Fund on the disposal of its 8,9781% stake in Alpha Services and Holdings SA to UniCredit. The firm's team included Partners Konstantinos Vouterakos, Ioanna Antonopoulou, and Apostolos Georgantas and Associates Marianna Katsifi and Athanasios Misirlis.

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